Deutsche Clings to Top of Year-to-Date Research Tally

Deutsche Bank’s overall lead narrows considerably but the firm still far outpaces the competition when it comes to the best analysts.

Deutsche Bank Headquarters And News Conference As Bank Posts 4Q Loss

A logo sits on display outside the Deutsche Bank AG headquarters in Frankfurt, Germany, on Wednesday, Jan. 30, 2013. Deutsche Bank AG, Europe’s biggest bank by assets, posted a fourth-quarter loss that exceeded estimates after the company eliminated more than 1,400 jobs and set aside 1 billion euros ($1.35 billion) for legal expenses. Photographer: Ralph Orlowski/Bloomberg

Ralph Orlowski/Bloomberg

When the results of the 2013 All-Japan Research Team survey are added to the previously published All-Europe and All-Europe Fixed-Income rankings, Deutsche Bank, with 61 positions, holds the pole position on Institutional Investor’s 2013 Top Global Research Firms: Year-to-Date roster — but not by much. Bank of America Merrill Lynch climbs past J.P. Morgan to secure second place and trails the German firm by only three positions. Down to third is J.P. Morgan, with 50 spots, followed by UBS, with 48. Morgan Stanley rounds out the top five, with 45 positions.

Although Deutsche Bank’s overall lead narrows considerably — it had been up by eight — the firm still far outpaces the competition when it comes to analysts and teams considered the best in their respective sectors. Deutsche claims 21 first-place finishes across the three rankings, nearly double the 12 won by UBS, its closest competitor when firms are measured by this metric. Barclays, in sixth place overall, takes third in total number of top-ranked researchers, with ten.

This table will be updated on May 14, with the release of the 2013 All-Asia Research Team results.

The 2013 Top Global Research Firms: Year to Date 1 When the results of the All-Japan Research Team survey are added to the previously published All-Europe and All-Europe Fixed-Income rankings, Deutsche Bank retains the top spot in the year-to-date tally — but not by much. Bank of America Merrill Lynch climbs past J.P. Morgan to capture second place and trails the German firm by just three positions.

Rank Firm Total Team
Positions
First
Team
Second
Team
Third
Team
Runners-
Up
1 Deutsche Bank 2 61 21 15 7 18
2 Bank of America Merrill Lynch 58 7 12 9 30
3 J.P. Morgan 3 50 9 14 8 19
4 UBS 48 12 9 10 17
5 Morgan Stanley 4 45 7 8 18 12
6 Barclays 38 10 4 8 16
7 Nomura 5 35 6 7 9 13
8 Citi 27 4 3 4 16
9 Credit Suisse 21 1 4 0 16
10 Mizuho Securities Group 15 0 6 3 6
11 Daiwa Capital Markets 6 14 3 2 4 5
11 SMBC Nikko Securities 14 2 1 3 8
13 Exane BNP Paribas 11 2 0 3 6
14 Mitsubishi UFJ Morgan Stanley Securities Co. 9 3 1 0 5
15 Sanford C. Bernstein & Co. 7 8 5 1 1 1
16 Goldman, Sachs & Co. 8 7 1 0 1 5
17 Crédit Agricole Cheuvreux 9 6 0 3 2 1
17 Société Générale 6 0 1 1 4
19 Royal Bank of Scotland 4 0 2 1 1
20 BNP Paribas Securities 3 1 1 0 1
20 Jefferies & Co. 10 3 0 0 1 2
22 Berenberg Bank 2 0 0 0 2
22 HSBC 2 0 0 0 2
22 Kempen & Co. 2 0 1 0 1
22 Santander 11 2 1 0 0 1
22 SEB Enskilda 2 0 1 0 1
27 ABG Sundal Collier 1 1 0 0 0
27 Autonomous Research 1 0 0 0 1
27 Banco Português de Investimento 1 0 1 0 0
27 BBVA 1 0 0 0 1
27 Commerzbank Corporates & Markets 1 0 0 0 1
27 Davy 1 1 0 0 0
27 Equita S.I.M. 1 1 0 0 0
27 Fidentiis Equities 1 0 0 1 0
27 Goodbody Stockbrokers 1 0 1 0 0
27 Handelsbanken Capital Markets 1 0 0 1 0
27 Helvea 1 0 0 0 1
27 Ichiyoshi Research Institute 1 0 0 0 1
27 ING Equity Markets 12 1 1 0 0 0
27 Intermonte 1 0 0 1 0
27 JB Capital Markets 1 0 0 0 1
27 Keefe, Bruyette & Woods 1 0 0 0 1
27 Kepler Equities 13 1 0 0 0 1
27 Macquarie Securities 1 0 1 0 0
27 MainFirst Bank 1 0 0 1 0
27 N+1 Equities 1 0 0 0 1
27 Oddo Securities 1 0 0 0 1
27 Okasan Securities Co. 1 1 0 0 0
27 Petercam 1 0 0 0 1
27 Rabobank 1 0 0 1 0
27 Redburn Partners 1 0 0 0 1
27 UniCredit 1 0 0 0 1
27 Vontobel 1 0 1 0 0
1 The totals shown include positions won on the All-Europe Research Team, the All-Europe Fixed-Income Research Team and the All-Japan Research Team.
2 Positions on the All-Japan Research Team were for Deutsche Securities.
3 Positions on the All-Europe Research Team were for J.P. Morgan Cazenove.
4 Positions on the All-Japan Research Team were for Morgan Stanley MUFG Securities Co.
5 Positions on the All-Europe Research Team and the All-Europe Fixed-Income Research Team were for Nomura International; on the All-Japan Research Team, positions were for Nomura Securities Co.
6 Positions on the All-Japan Research Team were for Daiwa Securities Group.
7 Positions on the All-Europe Research Team were for Sanford C. Bernstein.
8 Positions on the All-Europe Research Team were for Goldman Sachs International; on the All-Japan Research Team, positions were for Goldman Sachs Japan Co.
9 Positions on the All-Europe Fixed-Income Research Team were for Crédit Agricole Corporate Investment Bank.
10 Positions on the All-Europe Research Team were for Jefferies International.
11 Positions on the All-Europe Research Team were for Santander Investment Bolsa.
12 Positions on the All-Europe Research Team were for ING Financial Markets.
13 Positions on the All-Europe Research Team were for Kepler Capital Markets.
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