This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

America's Middle Market Businesses Share Bleak Outlook Post Election

Crotty, who has been a professional in the banking industry for more than three decades, said KeyBank's middle market clients have strong balance sheets and that there are middle market executives taking advantage of the low-rate environment – but only when they see certain opportunity.

"Given the low rates, we would have anticipated more businesses borrowing money to make investments and maintaining their cash reserves for other uses," Crotty said. "The middle market will continue to sit on cash reserves and delay investment until there is proof positive that our government can pull together and create a plan for robust and sustainable growth."

Other Notable Findings:

  • Seventy percent of middle market businesses are extremely or very concerned about the fiscal cliff given the outcome of the election.
  •  When asked how their perspective on the fiscal cliff has changed post-election, nearly half (47 percent) of businesses are more concerned.
  • There has been a nine percent decrease in business owners planning to add employees since August. Crotty said middle market businesses, which are significant employers, have become accustomed to running leaner and may remain as such for the long view.

About the KeyBank Middle Market Business Sentiment Survey:

KeyBank partnered with Lieberman Research Worldwide on the Middle Market Business Sentiment survey to understand what businesses sentiments are impacting each organization's business strategies and tactics, identify how business costs are expected to change and determine which regulatory and global economic issues are affecting them. The survey for the current Middle Market Business Sentiment was conducted from Nov. 7- Nov. 12 among 320 financial decision-makers in middle market businesses ranging from $25 million - $4 billion annual revenues.

About KeyBank

KeyCorp (NYSE: KEY) was organized more than 160 years ago and is headquartered in Cleveland, Ohio. One of the nation's largest bank-based financial services companies, Key has assets of approximately $87 billion as of September 2012.

KeyBank provides deposit, lending, cash management and investment services to individuals, small and medium-sized businesses in 14 states under the name of KeyBank National Association. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC.

SOURCE KeyCorp

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs