SOURCE: Plunkett Research, Ltd.

Plunkett Research, Ltd.

January 12, 2011 14:07 ET

Banks to Enjoy Rebound in 2011, Says Plunkett Research

HOUSTON, TX--(Marketwire - January 12, 2011) -  Plunkett Research, Ltd. has released its newest market research and competitive analysis report, Plunkett's Banking, Mortgages and Credit Industry Almanac, 2011 edition, which identifies and analyzes major trends shaping the banking industry.

According to Jack W. Plunkett, CEO of Plunkett Research, Ltd., "While the banking industry still faces some challenges, particularly in terms of bad mortgages that they hold, 2011 should see a relatively good environment for banks."

Major trends affecting the Banking, Mortgages and Credit Industry analyzed in Plunkett's report include:

  • A decline in American consumer spending and debt, along with an increase in savings.
  • 2010 Reform Act increases regulation of financial industry, including banks, investment companies and insurance firms.
  • Investment firms and banks compete for clients in high net worth households.
  • Banks vie for previously underserved markets and focus on Hispanics.
  • Wal-Mart opens 1,500 in-store money centers in the U.S. - Banco de Wal-Mart in Mexico.
  • China's banking market will see long term growth.
  • Banks see growth in online services.
  • Credit card technologies advance with better security and contactless payment.
  • Managing bank accounts via cell phone, and wireless (or contactless) payments.
  • Cell phones revolutionize life in emerging nations.
  • Commercial mortgage defaults and foreclosures rise.

"Both consumers and businesses will be conservative in their borrowing in 2011," said Jack Plunkett.

A complete report with detailed industry trends and statistics analysis is provided in Plunkett's Banking, Mortgages and Credit Industry Almanac, 2011 edition. This informative report gives you the competitive intelligence you need, with a detailed industry overview, industry analysis and market research. Plus, thousands of contacts for business and industry leaders, industry associations, as well as statistical tables, an industry glossary and thorough indexes.

A complimentary video of Plunkett discussing these trends is now available on the Plunkett Research website, as well as YouTube, and an Introduction to the Banking Industry can be viewed at Plunkett's website. 

About Plunkett Research, Ltd.
Plunkett Research is a leading provider of industry trends analysis and market research. Our reports and data services are used by the world's top corporations, consultants, universities, libraries and government agencies. Plunkett's products save time and effort when you need competitive intelligence, market research or marketing data.

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