Bank of America Finds 60% of Small Business Owners Expect their Revenue to Increase This Year, a Significant Rebound since Last Fall
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: Business Wire
Optimism among business owners increases as economic confidence bounces back and high levels of concern over the pandemic begin to decline CHARLOTTE, N.C.--(BUSINESS WIRE)--According to the Bank of America 2021 Small Business Owner Report, U.S. small business owners have started to regain their footing after an unprecedented year of challenges brought on by the coronavirus.The research, based on a survey of nearly 1,000 small business owners across the country conducted in March, reveals business outlook and economic confidence have bounced back significantly from levels seen in the fall. Over the next 12 months:60% of business owners expect their revenue to increase, up from 34% in fall 2020.56% are confident their local economy will improve, up from 39% in fall 2020.50% anticipate the national economy will improve, up from 37% in fall 2020.21% plan to hire, up from 13% in fall 2020.Furthermore, 79% of business owners say a widely available vaccine and/or herd immunity in their l
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