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
 Argus Research Co
476 15.20% 10.26% -19.29% 34.49%
2
 Piper Sandler
1,093 16.63% 40.27% -6.38% 23.01%
3
 Northland Capital Markets
154 -2.01% -12.89% -24.51% 22.50%
4
 Exane BNP Paribas
291 15.09% 11.98% -4.90% 19.99%
5
 CIBC
121 7.25% 4.44% -9.06% 16.31%
6
 Deutsche Bank
994 15.67% 9.11% 1.26% 14.41%
7
 Barclays Bank PLC
1,106 16.63% 5.26% 4.69% 11.94%
8
 Macquarie Group
336 12.15% 8.82% 0.63% 11.52%
9
 CFRA Research
847 17.64% 9.50% 7.43% 10.21%
10
 UBS
1,187 14.12% 11.23% 4.64% 9.48%
11
 Goldman Sachs
1,191 15.10% 14.91% 6.96% 8.14%
12
 Credit Suisse
1,120 12.66% 10.06% 5.13% 7.53%
13
 Merrill Lynch
1,515 12.59% 8.68% 7.03% 5.56%
14
 Janney Montgomery Scott LLC
279 5.06% 1.63% -0.33% 5.39%
15
 Morgan Stanley
1,257 13.78% 9.88% 11.30% 2.48%
16
 Citigroup Investment Research
1,368 15.73% 36.94% 13.63% 2.10%
17
 HSBC
295 8.01% 10.61% 9.25% -1.24%
18
 JP Morgan
1,385 12.42% 41.18% 14.18% -1.76%
19
 Societe Generale
102 8.99% 13.49% 17.10% -8.11%
20
 TD Securities
731 15.17% 10.89% 23.51% -8.34%
21
 Nomura Securities
250 18.44% 21.27% 28.49% -10.05%
22
 Maxim Group LLC
162 -13.75% -19.40%
23
 BMO Capital Markets
860 9.37% 46.13% 28.19% -18.82%
24
 CLSA
27 4.91% 29.97% -25.06%
25
 Sidoti & Co
261 14.38% -4.30% 58.14% -43.76%