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
276 19.12% 5.52% -48.95% 68.07%
2
 Sidoti & Co
263 6.99% 4.91% -49.57% 56.56%
3
 Argus Research Co
501 15.17% 6.62% -30.92% 46.09%
4
 CIBC
149 33.93% 40.47% -8.18% 42.11%
5
 Maxim Group LLC
170 17.62% -17.65%
6
 TD Securities
1,216 20.59% 14.48% 3.63% 16.96%
7
 Janney Montgomery Scott LLC
328 14.55% 7.50% 0.00% 14.55%
8
 Exane BNP Paribas
405 16.36% 13.14% 1.86% 14.50%
9
 UBS
1,679 15.12% 11.99% 4.54% 10.58%
10
 Deutsche Bank
1,272 14.57% 7.93% 4.49% 10.08%
11
 CFRA Research
894 12.94% 11.94% 4.29% 8.65%
12
 JP Morgan
1,927 19.86% 12.79% 15.10% 4.76%
13
 Goldman Sachs
1,758 15.81% 13.60% 12.21% 3.60%
14
 Credit Suisse
1,447 15.03% 11.49% 11.55% 3.48%
15
 Morgan Stanley
1,808 14.60% 11.14% 11.40% 3.20%
16
 Nomura Securities
301 10.70% 8.73% 8.88% 1.82%
17
 Barclays Bank PLC
1,517 13.30% 11.96% 11.86% 1.44%
18
 Macquarie Group
438 12.26% 12.79% 14.59% -2.33%
19
 Merrill Lynch
2,132 14.21% 16.39% 16.59% -2.38%
20
 Piper Sandler
1,487 15.13% 8.57% 19.21% -4.08%
21
 Citigroup Investment Research
1,876 15.80% 9.65% 19.91% -4.11%
22
 Societe Generale
114 18.54% 15.28% 24.64% -6.10%
23
 HSBC
435 21.57% 19.95% 28.70% -7.13%
24
 BMO Capital Markets
1,119 20.57% 13.32% 29.75% -9.18%
25
 CLSA
89 20.68% -4.48% 70.02% -49.34%