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
274 32.92% 16.92% -54.01% 86.93%
2
 Sidoti & Co
261 10.81% 10.91% -67.07% 77.88%
3
 Argus Research Co
500 15.98% 5.78% -34.76% 50.74%
4
 CIBC
148 27.60% 34.68% -3.52% 31.12%
5
 Maxim Group LLC
170 21.03% -8.24%
6
 TD Securities
1,229 23.49% 14.59% 2.66% 20.83%
7
 UBS
1,680 16.39% 10.97% 1.21% 15.18%
8
 Exane BNP Paribas
408 17.16% 10.43% 4.78% 12.38%
9
 Janney Montgomery Scott LLC
326 12.15% 4.08% 0.00% 12.15%
10
 Societe Generale
112 25.84% 12.91% 15.61% 10.23%
11
 Deutsche Bank
1,263 15.56% 6.59% 6.04% 9.52%
12
 Macquarie Group
435 13.00% 13.32% 8.89% 4.11%
13
 Goldman Sachs
1,753 15.56% 13.68% 11.74% 3.82%
14
 JP Morgan
1,923 18.61% 12.84% 16.82% 1.79%
15
 CFRA Research
888 13.04% 13.56% 11.83% 1.21%
16
 Credit Suisse
1,439 14.90% 11.00% 14.01% 0.89%
17
 Barclays Bank PLC
1,522 13.88% 11.23% 13.03% 0.85%
18
 Morgan Stanley
1,796 14.22% 11.42% 13.72% 0.50%
19
 Merrill Lynch
2,122 13.99% 14.98% 16.24% -2.25%
20
 Citigroup Investment Research
1,860 18.50% 9.00% 21.29% -2.79%
21
 Piper Sandler
1,470 17.83% 9.35% 23.07% -5.24%
22
 Nomura Securities
301 8.44% 9.53% 20.46% -12.02%
23
 HSBC
435 17.54% 13.96% 31.01% -13.47%
24
 BMO Capital Markets
1,113 18.13% 14.60% 38.91% -20.78%
25
 CLSA
89 10.11% -21.33% 56.11% -46.00%