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
 CIBC
118 -9.70% -14.66% -49.38% 39.68%
2
 TD Securities
143 -7.48% -4.13% -32.62% 25.14%
3
 Piper Sandler
1,077 -22.18% -11.92% -38.91% 16.73%
4
 Sidoti & Co
263 -22.82% -19.93% -38.38% 15.56%
5
 Nomura Securities
257 -26.22% -27.17% -34.74% 8.52%
6
 UBS
1,021 -15.04% -17.41% -23.13% 8.09%
7
 Citigroup Investment Research
1,331 -17.88% -14.71% -24.51% 6.63%
8
 Macquarie Group
359 -22.30% -14.00% -25.28% 2.98%
9
 JP Morgan
1,396 -18.89% -15.09% -21.18% 2.29%
10
 CFRA Research
889 -16.80% -17.33% -18.71% 1.91%
11
 Merrill Lynch
1,499 -18.63% -14.54% -19.32% 0.69%
12
 Morgan Stanley
1,251 -17.11% -17.43% -17.63% 0.52%
13
 Goldman Sachs
1,185 -17.75% -19.59% -17.36% -0.39%
14
 Societe Generale
99 -8.51% -12.26% -7.69% -0.82%
15
 Credit Suisse
1,119 -17.67% -13.06% -15.76% -1.91%
16
 Exane BNP Paribas
189 -25.90% -19.63% -23.68% -2.22%
17
 CLSA
27 -31.40% -27.92% -3.48%
18
 Barclays Bank PLC
1,058 -19.26% -16.01% -13.21% -6.05%
19
 HSBC
142 -25.23% -15.45% -14.89% -10.34%
20
 Deutsche Bank
935 -22.32% -18.39% -10.97% -11.35%
21
 Janney Montgomery Scott LLC
389 -19.66% -9.59% -6.65% -13.01%
22
 BMO Capital Markets
826 -16.91% -12.25% -2.32% -14.59%
23
 Argus Research Co
484 -15.84% -15.55% 1.03% -16.87%
24
 Northland Capital Markets
272 -36.50% -19.17% -10.82% -25.68%
25
 Maxim Group LLC
157 -51.16% -50.80%