Most bankers see business in the financial industry improving in the next year while the broader economy sputters, according to a new survey from KPMG LLP, The Associated Press reports.
The bankers expect to increase revenue and long-term business investment in the next year, according to the KPMG’s annual business climate survey, conducted in May and June.
More than half reported higher revenue since last year, and 70 percent expect revenue growth over the next year. About 40 percent said they plan to hire more workers this year.
That’s despite banks’ struggles to replace the revenue lost after Congress and regulators imposed strict new limits on certain fees and speculative investment.
Outside of the financial industry, however, bankers see more tough times. More than 60 percent said the economy’s headwinds will continue into 2014 or later, according to audit, tax and advisory firm KPMG.
