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 27.48% 13.94% -49.61% 77.09%
2
 CIBC
125 20.52% 29.40% -19.10% 39.62%
3
 Deutsche Bank
1,026 15.64% 9.15% -2.86% 18.50%
4
 TD Securities
846 17.06% 12.36% 0.73% 16.33%
5
 Maxim Group LLC
170 15.57% -22.74%
6
 Argus Research Co
466 16.98% 8.27% 2.02% 14.96%
7
 CFRA Research
818 18.85% 14.52% 5.59% 13.26%
8
 Janney Montgomery Scott LLC
297 11.99% 12.63% 2.03% 9.96%
9
 Exane BNP Paribas
338 15.56% 11.55% 6.63% 8.93%
10
 Sidoti & Co
261 7.35% 9.65% 0.60% 6.75%
11
 Macquarie Group
345 20.77% 19.54% 14.11% 6.66%
12
 Credit Suisse
1,116 14.71% 12.45% 9.91% 4.80%
13
 Nomura Securities
251 16.76% 13.90% 13.17% 3.59%
14
 Goldman Sachs
1,229 15.00% 15.47% 12.07% 2.93%
15
 UBS
1,270 13.89% 12.68% 12.32% 1.57%
16
 BMO Capital Markets
900 17.47% 12.27% 16.70% 0.77%
17
 JP Morgan
1,398 17.27% 12.03% 17.87% -0.60%
18
 Merrill Lynch
1,551 14.92% 12.91% 15.72% -0.80%
19
 Piper Sandler
1,123 11.59% 13.80% 12.59% -1.00%
20
 Morgan Stanley
1,290 14.82% 12.24% 17.23% -2.41%
21
 CLSA
36 24.67% -9.80% 28.38% -3.71%
22
 Barclays Bank PLC
1,148 11.43% 12.81% 17.34% -5.91%
23
 Societe Generale
102 5.34% 19.66% 12.24% -6.90%
24
 Citigroup Investment Research
1,402 15.02% 12.19% 22.31% -7.29%
25
 HSBC
310 15.89% 16.81% 23.76% -7.87%