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Outlook for brokers in 2009 'improved'

The outlook for 2009's major brokers has improved in the wake of the hardening market, analysts at Keefe, Bruyette & Woods have said.

Although 2008's full-year numbers are expected to experience declines, KBW said, 2009 may well be more positive.

"We typically expect modest low- to mid-single-digit revenue growth for the group in the

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