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
163 5.67% 1.96% -49.61% 55.28%
2
 CIBC
125 12.55% 15.24% -29.57% 42.12%
3
 Deutsche Bank
1,023 9.01% 5.07% -7.95% 16.96%
4
 TD Securities
841 7.75% 3.81% -7.11% 14.86%
5
 Nomura Securities
251 9.98% 5.48% -1.70% 11.68%
6
 Exane BNP Paribas
335 8.77% 9.50% -2.62% 11.39%
7
 Janney Montgomery Scott LLC
297 14.78% 12.28% 3.92% 10.86%
8
 CFRA Research
823 12.76% 9.89% 3.94% 8.82%
9
 Credit Suisse
1,115 9.09% 8.60% 2.71% 6.38%
10
 Maxim Group LLC
170 5.69% -30.93%
11
 JP Morgan
1,399 11.68% 5.34% 6.29% 5.39%
12
 BMO Capital Markets
895 9.31% 5.96% 5.16% 4.15%
13
 Merrill Lynch
1,546 9.87% 5.26% 5.90% 3.97%
14
 Goldman Sachs
1,225 8.95% 7.98% 6.03% 2.92%
15
 Morgan Stanley
1,283 9.62% 6.34% 7.53% 2.09%
16
 Argus Research Co
468 13.25% 7.19% 11.67% 1.58%
17
 UBS
1,264 7.63% 6.65% 6.46% 1.17%
18
 Citigroup Investment Research
1,395 8.71% 6.27% 7.63% 1.08%
19
 Barclays Bank PLC
1,144 7.98% 7.79% 7.82% 0.16%
20
 Piper Sandler
1,118 6.24% 6.93% 7.62% -1.38%
21
 CLSA
34 13.24% -22.29% 16.07% -2.83%
22
 Sidoti & Co
260 -0.84% 3.50% 6.17% -7.01%
23
 HSBC
309 7.12% 11.09% 15.27% -8.15%
24
 Macquarie Group
345 14.63% 13.47% 23.52% -8.89%
25
 Societe Generale
102 -5.14% 12.84% 9.04% -14.18%