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
164 21.15% 9.59% -49.61% 70.76%
2
 CIBC
125 18.59% 26.01% -19.94% 38.53%
3
 Argus Research Co
466 9.25% 0.00% -26.74% 35.99%
4
 Maxim Group LLC
170 14.89% -16.48%
5
 Exane BNP Paribas
340 8.78% 3.09% -3.45% 12.23%
6
 CFRA Research
817 8.87% 6.55% -3.33% 12.20%
7
 Deutsche Bank
1,028 6.08% 0.96% -5.57% 11.65%
8
 TD Securities
882 11.71% 7.55% 3.25% 8.46%
9
 Credit Suisse
1,115 9.21% 5.03% 2.57% 6.64%
10
 Nomura Securities
251 8.69% 1.83% 6.26% 2.43%
11
 Macquarie Group
345 11.19% 10.38% 8.77% 2.42%
12
 UBS
1,275 6.72% 4.99% 4.48% 2.24%
13
 Sidoti & Co
260 -2.17% -1.38% -4.01% 1.84%
14
 Goldman Sachs
1,231 7.07% 8.53% 5.37% 1.70%
15
 Janney Montgomery Scott LLC
299 2.71% 3.24% 2.05% 0.66%
16
 JP Morgan
1,405 9.50% 4.44% 9.27% 0.23%
17
 Piper Sandler
1,124 6.89% 4.80% 6.93% -0.04%
18
 Morgan Stanley
1,289 7.80% 4.65% 8.20% -0.40%
19
 BMO Capital Markets
922 12.54% 4.18% 13.40% -0.86%
20
 Merrill Lynch
1,554 7.63% 6.33% 8.64% -1.01%
21
 Barclays Bank PLC
1,172 5.59% 4.84% 6.87% -1.28%
22
 HSBC
313 9.78% 10.05% 18.47% -8.69%
23
 Citigroup Investment Research
1,405 8.25% 4.59% 17.43% -9.18%
24
 Societe Generale
102 -0.94% 11.16% 9.05% -9.99%
25
 CLSA
37 17.42% -15.46% 38.07% -20.65%