Compared to last year, the majority of senior executives are “somewhat optimistic” about the industry’s prospects for the coming year, according to Cornerstone Advisors, in its What’s Going On In Banking 2024: Finding the Next Wave to Ride.
They are, however, evenly divided on whether they think the country will see a recession. Interestingly, a third of executives who are pessimistic about the industry’s prospects do not think there will be a recession in 2024.
“This year’s report dovetails off the theme of Cornerstone’s 2023 report — Fighting the Headwinds, Riding the Tailwinds,” said Ron Shevlin, Cornerstone chief research officer and Forbes contributor. “In 2024, financial institutions are si