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
 Argus Research Co
477 24.74% 20.43% -28.16% 52.90%
2
 Northland Capital Markets
154 13.83% -4.77% -27.03% 40.86%
3
 Piper Sandler
1,087 26.73% 11.79% -0.62% 27.35%
4
 CIBC
121 15.19% 9.32% -5.94% 21.13%
5
 Exane BNP Paribas
288 26.34% 21.79% 5.81% 20.53%
6
 Deutsche Bank
993 25.82% 17.54% 11.14% 14.68%
7
 Barclays Bank PLC
1,098 28.61% 15.34% 14.26% 14.35%
8
 Janney Montgomery Scott LLC
277 12.26% 5.75% -0.50% 12.76%
9
 Macquarie Group
337 21.89% 16.47% 9.79% 12.10%
10
 CFRA Research
848 27.37% 19.79% 16.98% 10.39%
11
 Credit Suisse
1,122 22.64% 19.72% 13.54% 9.10%
12
 UBS
1,187 24.43% 20.70% 15.51% 8.92%
13
 Goldman Sachs
1,188 25.65% 24.52% 17.35% 8.30%
14
 Merrill Lynch
1,515 22.67% 18.47% 17.64% 5.03%
15
 Morgan Stanley
1,259 23.09% 19.38% 20.77% 2.32%
16
 Citigroup Investment Research
1,369 28.07% 19.08% 28.42% -0.35%
17
 HSBC
293 20.01% 21.09% 25.03% -5.02%
18
 JP Morgan
1,383 22.25% 23.57% 28.23% -5.98%
19
 Maxim Group LLC
162 -6.77% -17.06%
20
 Nomura Securities
250 30.28% 32.93% 39.24% -8.96%
21
 Sidoti & Co
261 23.19% 2.43% 33.70% -10.51%
22
 Societe Generale
102 17.34% 24.86% 28.74% -11.40%
23
 BMO Capital Markets
860 19.14% 16.61% 35.57% -16.43%
24
 CLSA
27 14.00% 39.10% -25.10%
25
 TD Securities
726 26.57% 21.36% 57.57% -31.00%