J.P. Morgan Is No. 1 in U.S. Equity Research
J.P. Morgan leads the All-America Research Team, Institutional Investor's annual ranking of the country's best sell-side research analysts, for a third year running. The bank adds three positions, for a total of 43, and widens its lead over second-place Barclays, which returns with 39 positions. Bank of America Merrill Lynch, which tied with Barclays last year, slips to third after losing five spots, leaving it with 34.
Morgan Stanley and Deutsche Bank Securities leap to fourth and fifth place, respectively, after picking up seven positions each. The former, with 33 total, rises from No. 6; the latter, with 32, bolts from eighth place.
Survey results reflect the opinions of nearly 3,300 individuals at some 950 buy-side institutions that manage an estimated $9.93 trillion in U.S. equities, or 77.4 percent of the $12.83 trillion market capitalization of the MSCI U.S. index at the time of polling.