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
275 34.41% 20.59% -46.03% 80.44%
2
 Sidoti & Co
262 12.20% 12.07% -63.24% 75.44%
3
 Argus Research Co
500 17.56% 6.77% -33.46% 51.02%
4
 CIBC
150 34.54% 42.64% -0.19% 34.73%
5
 Maxim Group LLC
170 23.67% -5.36%
6
 TD Securities
1,234 25.26% 16.89% 4.26% 21.00%
7
 UBS
1,685 18.44% 12.31% 4.87% 13.57%
8
 Janney Montgomery Scott LLC
327 13.14% 5.64% 0.00% 13.14%
9
 Exane BNP Paribas
408 18.29% 11.90% 6.52% 11.77%
10
 Societe Generale
114 26.28% 14.80% 17.79% 8.49%
11
 Deutsche Bank
1,269 17.00% 8.13% 8.99% 8.01%
12
 Goldman Sachs
1,761 17.17% 15.18% 13.23% 3.94%
13
 Macquarie Group
438 15.32% 15.12% 12.32% 3.00%
14
 CFRA Research
889 14.87% 15.19% 12.54% 2.33%
15
 JP Morgan
1,933 20.39% 14.77% 19.10% 1.29%
16
 Barclays Bank PLC
1,532 15.25% 12.54% 14.98% 0.27%
17
 Credit Suisse
1,445 16.65% 12.82% 16.82% -0.17%
18
 Morgan Stanley
1,808 15.54% 12.74% 16.17% -0.63%
19
 Merrill Lynch
2,136 16.04% 16.70% 18.41% -2.37%
20
 Piper Sandler
1,480 19.07% 11.07% 21.84% -2.77%
21
 Citigroup Investment Research
1,877 19.96% 10.93% 23.80% -3.84%
22
 Nomura Securities
301 9.55% 12.52% 23.17% -13.62%
23
 HSBC
437 19.10% 16.03% 34.00% -14.90%
24
 BMO Capital Markets
1,118 21.48% 16.70% 39.40% -17.92%
25
 CLSA
89 12.06% -15.79% 55.42% -43.36%