Wayne Koble

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  Class Notes - [Cached Version]
  Published on: 1/15/2002    Last Visited: 10/10/2002  

  Wayne Koble, '76,is employed as the chief investment officer for PNC Advisors in northwest Pennsylvania.He is responsible for managing a team of investment professionals for a $3.5 billion regional trust and investment department.

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  News Gleaner - National News - [Cached Version]
  Published on: 3/1/2005    Last Visited: 3/24/2005  

  The surge in local hiring follows a national trend in which the caution that accompanied the recent economic recovery is giving way to a realization by employers that they need to expand their payrolls to remain competitive, said Wayne Koble, chief investment officer for PNC Advisors' Erie office.
  
  "Growth has been much slower than in previous recoveries," Koble said.
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  "It's just pure economics," Koble said."When the economy picks up, demand picks up and you have to hire more people."
  
  Koble said hiring will likely continue to be brisk both locally and nationally for the foreseeable future -- though he pointed out that the recent volatility of oil prices could slow employment growth if those prices get too high.
  
  Futures prices for crude oil hit a record $57.60 per barrel earlier this month before sliding to Wednesday's price of $53.81, according to the Associated press.
  
  If that price stays between $50 and $60 per barrel, Koble said companies will likely stay the course on their hiring plans.
  
  But if prices spike above $60 per barrel, he said the increased energy costs could cut into profit margins and slow growth.
  
  On the flip side, if the price declines, Koble said hiring could actually accelerate.

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  Welcome to GoErie.com - [Cached Version]
  Published on: 12/4/2001    Last Visited: 12/4/2001  

  WAYNE KOBLE will serve as chief investment officer for PNC Advisors in northwest Pennsylvania.He is responsible for managing a team of investment professionals for a $3.5 billion regional Trust and Investment Department.
  
  Koble joined PNC in 1984 as senior portfolio manager.He started his investment career with Butler, Wick & Co. as a registered representative.Prior to coming to PNC, he was a trust investment officer with Dollar Saving and Trust Co. in Youngstown, Ohio.
  
  He earned a bachelor's degree in business and economics from Slippery Rock University, concentrating in accounting.He became a chartered financial analyst in 1983, and received a certificate of achievement from the Institute of Chartered Financial Analysts in 1987 and 1993.Koble has been an instructor for the American Institute of Banking and the Mid-Atlantic School of Banking at Bucknell University.

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  Welcome to GoErie.com - [Cached Version]
  Published on: 3/9/2002    Last Visited: 3/9/2002  

  It will also give investors a better idea of how GE will perform in the future, said Wayne Koble, chief investment officer for PNC Advisors.
  
  "It will make (investors') jobs easier and harder at the same time," Koble said."It will be harder because it will take more time to analyze the numbers. ...But if you take the time to crunch the numbers, you'll get a much better idea of the inner workings of a company."
  
  GE is not alone in producing a thicker, more transparent financial report.
  
  Other high-profile companies such as International Business Machines Corp. and Tyco International Ltd. have made similar moves in the wake of the Enron collapse.
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  "Even before Enron, there were grumblings in the financial community that companies like Tyco and GE and even Enron were not providing enough information," Koble said.

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  Welcome to GoErie.com - [Cached Version]
  Published on: 1/6/2004    Last Visited: 1/6/2004  

  Wayne Koble, chief investment officer for PNC Advisors, is among the professional market watchers who predict 2004 will be another positive year for investors.
  
  But he said he doesn't expect the gains to be as dramatic as they were in 2003.
  
  The Standard & Poor's 500 index will likely gain about 10 percent in 2004, he said.The return on stocks listed in the Dow Jones industrial average may post even better gains.
  
  Small and midcap stocks - favorites on the S&P 500 - performed better in 2003 than the large-cap stocks that dominate the Dow Jones industrial average, he said.
  
  Heading into 2004, blue-chip stocks are beginning to gain momentum while shares of smaller companies are cooling.
  
  "An investor who has a large blue-chip mutual fund saw a nice gain, but it was disappointing versus the rest of the index," Koble said.

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  Welcome to GoErie.com - [Cached Version]
  Published on: 1/1/2003    Last Visited: 12/29/2003  

  The Standard and Poor's 500 Index, for instance, was up more than 24 percent for the year, as of Dec. 22, a figure that exceeded the expectations of previously bullish market watchers such as Wayne Koble of PNC Advisors.
  
  Koble had predicted the index would jump by about 20 percent for the year.
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  But don't expect share prices to continue increasing at their rapid 2003 pace, Koble said.
  
  Koble said he expects the Standard & Poor's 500 Index to rise by about 10 percent in the coming year, a strong performance when measured against historic trends but less impressive 2003's 24 percent increase.
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  "Inflation is still positive as far as (the Fed) looks at it," Koble said.

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  Welcome to GoErie.com - [Cached Version]
  Published on: 10/17/2001    Last Visited: 10/17/2001  

  Wayne Koble , senior vice president with PNC Advisors :
  
  Given the percentage of jobs in Erie County that are based on manufacturing - which is roughly twice the national average - as manufacturing shrinks and we export more of those jobs overseas , there is going to be an ongoing impact on our economy..
  
  Sue Sutto , owner SueSutto Realtors :
  
  This is very , very unfortunate.

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  Welcome to GoErie.com - [Cached Version]
  Published on: 10/26/2001    Last Visited: 10/27/2001  

  The quick answer , according to Wayne Koble , PNC's chief investment officer , is that the stock market gains of the past three years have effectively been erased in recent months.
  
  That's created opportunities for careful investors , but Koble offered a word of caution.Before increasing exposure to equities , we believe you should have some cash on hand , he said.
  
  Speakers at Wednesday's outlook seminar stressed that the nation and the economy are on unknown territory.Terror attacks and anthrax-laced mail are new problems that could produce unpredictable results.
  
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  Since the late 1960s , Koble said , bear markets have typically lasted about 550 days and seen the market value fall by more than 30 percent.The current bear market has already lasted 580 days.

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  Welcome to GoErie.com - [Cached Version]
  Published on: 9/18/2001    Last Visited: 9/18/2001  

  No one has called to sell , said Wayne Koble , managing director of PNC Advisors' Erie office.
  
  I've had a few people who have called to buy , mostly out of patriotism. ... People are very much under control..
  
  That calm came even as the Dow Jones Industrial Average posted its largest-ever single-day point drop - sliding 684.81 points , or 7.13 percent , to 8 , 920.70 - and the New York Stock Exchange experienced its heaviest volume ever , with 2.33 billion shares bought and sold.
  
  Most of that activity , however , is believed to have come from institutional investors changing positions as a result of last week's terrorist attacks.

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  Welcome to GoErie.com - [Cached Version]
  Published on: 9/16/2001    Last Visited: 9/16/2001  

  Domestic markets are likely to be even more turbulent than those overseas , at least initially , according to Wayne Koble , managing director with PNC Advisors' Erie office.
  
  Koble sees a turbulent short-term drop , with continued concerns about the U.S. economy lasting through the third and fourth quarters.Long-term , however , he expects the economy to rebound in 2002 , when business will likely surge as pent-up demand leads consumers to begin buying again.
  
  With that as the backdrop , Koble , and others , are advising investors to ride out what is likely to be a rocky journey in the coming weeks.
  
  There's tremendous volatility , probably more than ever before , Koble said.

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