On this page you can determine which Fundamental independent research providers and brokers can offer top investment research

Use Investars Ranks system for investment research evaluation and research performance measurement for the type of research, stocks and sectors you might want to invest in.

Identify the best equity research performance by market index, recommendation type and research category within a selected time period.

Drill down historical performance of research firms you are interested in.

Fundamental Research Providers

Rank Firm Stocks Buy Neutral Sell Buy-Sell Chart
1
 Northland Capital Markets
274 30.83% 18.29% -54.62% 85.45%
2
 Sidoti & Co
261 10.07% 10.26% -64.32% 74.39%
3
 Argus Research Co
500 14.41% 4.57% -33.99% 48.40%
4
 CIBC
148 27.17% 33.48% -7.30% 34.47%
5
 Maxim Group LLC
170 21.02% -8.92%
6
 TD Securities
1,229 21.48% 13.10% 3.32% 18.16%
7
 UBS
1,680 14.48% 9.79% 0.09% 14.39%
8
 Janney Montgomery Scott LLC
326 11.70% 3.58% 0.00% 11.70%
9
 Exane BNP Paribas
408 14.80% 9.39% 3.43% 11.37%
10
 Societe Generale
112 25.73% 12.87% 15.26% 10.47%
11
 Deutsche Bank
1,263 13.87% 5.31% 5.66% 8.21%
12
 Macquarie Group
435 11.53% 12.29% 8.37% 3.16%
13
 Goldman Sachs
1,750 13.86% 12.30% 10.84% 3.02%
14
 JP Morgan
1,923 16.92% 11.57% 16.08% 0.84%
15
 Barclays Bank PLC
1,523 12.19% 10.08% 11.71% 0.48%
16
 Credit Suisse
1,438 13.53% 10.24% 13.17% 0.36%
17
 CFRA Research
887 10.95% 11.94% 10.60% 0.35%
18
 Morgan Stanley
1,794 12.39% 10.22% 13.13% -0.74%
19
 Merrill Lynch
2,122 12.64% 13.64% 14.93% -2.29%
20
 Citigroup Investment Research
1,859 16.70% 7.96% 20.00% -3.30%
21
 Piper Sandler
1,469 15.91% 8.42% 23.74% -7.83%
22
 Nomura Securities
301 6.89% 7.13% 17.37% -10.48%
23
 HSBC
435 16.74% 13.40% 29.02% -12.28%
24
 BMO Capital Markets
1,115 16.42% 13.45% 38.78% -22.36%
25
 CLSA
89 9.66% -21.90% 55.49% -45.83%