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
 TD Securities
803 15.53% 6.49% -20.05% 35.58%
2
 Sidoti & Co
259 9.10% 5.46% -25.31% 34.41%
3
 CIBC
125 10.65% 8.59% -11.99% 22.64%
4
 Northland Capital Markets
160 9.69% 3.53% -10.16% 19.85%
5
 Exane BNP Paribas
328 12.41% 7.62% -5.38% 17.79%
6
 Deutsche Bank
1,013 12.30% 7.16% -1.32% 13.62%
7
 Piper Sandler
1,109 11.62% 44.79% -1.35% 12.97%
8
 Goldman Sachs
1,215 12.46% 9.32% 0.80% 11.66%
9
 CFRA Research
837 16.68% 10.15% 6.64% 10.04%
10
 Janney Montgomery Scott LLC
292 13.05% 8.16% 3.45% 9.60%
11
 Morgan Stanley
1,268 12.67% 7.49% 4.72% 7.95%
12
 Barclays Bank PLC
1,130 15.51% 6.69% 8.11% 7.40%
13
 Nomura Securities
251 23.99% 12.77% 18.13% 5.86%
14
 Merrill Lynch
1,539 13.29% 5.61% 7.64% 5.65%
15
 UBS
1,252 14.42% 7.85% 8.89% 5.53%
16
 JP Morgan
1,389 13.06% 32.78% 9.16% 3.90%
17
 Credit Suisse
1,117 11.65% 8.71% 8.41% 3.24%
18
 HSBC
307 6.74% 8.03% 4.17% 2.57%
19
 Citigroup Investment Research
1,377 12.49% 30.88% 10.57% 1.92%
20
 CLSA
30 4.66% -10.84% 4.56% 0.10%
21
 Maxim Group LLC
170 -1.05% -3.32%
22
 Macquarie Group
346 12.27% 9.87% 14.39% -2.12%
23
 BMO Capital Markets
872 10.89% 45.33% 15.10% -4.21%
24
 Argus Research Co
472 17.39% 8.86% 30.05% -12.66%
25
 Societe Generale
102 -5.61% 10.42% 15.69% -21.30%