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
115 -0.70% -1.39% -39.74% 39.04%
2
 CLSA
29 -17.11% -34.05% 16.94%
3
 Societe Generale
99 9.33% 6.50% -6.09% 15.42%
4
 Macquarie Group
358 -10.68% 8.49% -16.80% 6.12%
5
 JP Morgan
1,400 -10.66% -6.67% -14.92% 4.26%
6
 Morgan Stanley
1,244 -7.09% -8.57% -11.14% 4.05%
7
 UBS
1,005 -5.36% -8.05% -8.65% 3.29%
8
 Piper Sandler
1,057 -13.24% -4.86% -16.21% 2.97%
9
 Goldman Sachs
1,178 -8.43% -11.37% -11.28% 2.85%
10
 Citigroup Investment Research
1,323 -10.76% -3.10% -13.43% 2.67%
11
 Exane BNP Paribas
178 -14.55% -3.92% -16.43% 1.88%
12
 Nomura Securities
262 -17.22% -18.54% -18.71% 1.49%
13
 Merrill Lynch
1,487 -10.47% -6.00% -11.46% 0.99%
14
 Sidoti & Co
260 -0.48% -13.44% -1.08% 0.60%
15
 CFRA Research
905 -4.66% -8.27% -5.22% 0.56%
16
 Barclays Bank PLC
1,052 -9.39% -4.72% -9.57% 0.18%
17
 Credit Suisse
1,065 -4.93% -4.16% -4.72% -0.21%
18
 Janney Montgomery Scott LLC
375 -5.04% 0.86% -4.82% -0.22%
19
 Northland Capital Markets
270 -22.23% -8.00% -19.26% -2.97%
20
 TD Securities
142 8.23% 7.48% 12.30% -4.07%
21
 Argus Research Co
480 -4.53% -3.33% 1.03% -5.56%
22
 HSBC
146 -10.27% -3.17% 1.88% -12.15%
23
 BMO Capital Markets
813 -6.72% -0.31% 8.94% -15.66%
24
 Deutsche Bank
923 -10.82% -5.98% 5.30% -16.12%
25
 Maxim Group LLC
153 -39.83% -39.02%