Bank of America Merrill Lynch bumps Deutsche Bank down to second place on Institutional Investor’s 2013 Top Global Research Firms: Year-to-Date roster, thanks in part to capturing the top spot (for a third straight year) on the All-Asia Research Team. As of last month the U.S. bank had been trailing its German counterpart by three total team positions; now it’s ahead by four.
However, the two firms share the winner’s circle when it comes to the number of analysts and teams deemed the best in their respective sectors; each has 23.
UBS and Morgan Stanley, which had been in fourth and fifth place overall, respectively, rise one rung apiece as J.P. Morgan falls from No. 3 to No. 5.Morgan Stanley achieves its status with far fewer runner-ups — 25 — than any other top-five firm. The totals for the remaining four include at least 32 runner-up positions each. UBS has the most, with 36.
This table will be updated on June 18, with the release of the 2013 Emerging Europe, Middle East & Africa and All-Russia research team results.
The 2013 Top Global Research Firms:
Year to Date 1
Rank |
Firm |
Total Team Positions |
First Team |
Second Team |
Third Team |
Runners- Up |
1 |
Bank of America Merrill Lynch |
91 |
23 |
17 |
18 |
33 |
2 |
Deutsche Bank 2 |
87 |
23 |
22 |
10 |
32 |
3 |
UBS |
75 |
15 |
11 |
13 |
36 |
4 |
Morgan Stanley3 |
72 |
9 |
14 |
24 |
25 |
5 |
J.P. Morgan4 |
70 |
10 |
18 |
10 |
32 |
6 |
Nomura 5 |
57 |
8 |
11 |
11 |
27 |
7 |
Citi |
51 |
10 |
6 |
7 |
28 |
8 |
Credit Suisse |
49 |
4 |
7 |
4 |
34 |
9 |
Barclays |
42 |
10 |
5 |
8 |
19 |
10 |
Daiwa Capital Markets 6 |
16 |
3 |
2 |
4 |
7 |
11 |
Mizuho Securities Group |
15 |
0 |
6 |
3 |
6 |
12 |
SMBC Nikko Securities |
14 |
2 |
1 |
3 |
8 |
13 |
CLSA Asia-Pacific Markets |
13 |
1 |
1 |
2 |
9 |
14 |
Exane BNP Paribas |
11 |
2 |
0 |
3 |
6 |
15 |
Mitsubishi UFJ Morgan Stanley Securities |
9 |
3 |
1 |
0 |
5 |
16 |
Sanford C. Bernstein & Co.7 |
8 |
5 |
1 |
1 |
1 |
16 |
Goldman, Sachs & Co. 8 |
8 |
1 |
0 |
2 |
5 |
18 |
Crédit Agricole Cheuvreux 9 |
6 |
0 |
2 |
2 |
1 |
18 |
Société Générale |
6 |
0 |
1 |
1 |
4 |
20 |
Macquarie Securities 10 |
5 |
0 |
1 |
1 |
3 |
21 |
Royal Bank of Scotland |
4 |
0 |
2 |
1 |
1 |
22 |
BNP Paribas Securities |
3 |
1 |
1 |
0 |
1 |
22 |
Jefferies & Co.11 |
3 |
0 |
0 |
1 |
2 |
24 |
Berenberg Bank |
2 |
0 |
1 |
0 |
1 |
24 |
HSBC |
2 |
0 |
0 |
0 |
2 |
24 |
Kempen & Co. |
2 |
0 |
1 |
0 |
1 |
24 |
Santander12 |
2 |
1 |
0 |
0 |
1 |
24 |
SEB Enskilda |
2 |
0 |
1 |
0 |
1 |
29 |
ABG Sundal Collier |
1 |
1 |
0 |
0 |
0 |
29 |
Autonomous Research |
1 |
0 |
0 |
0 |
1 |
29 |
Banco Português de Investimento |
1 |
0 |
1 |
0 |
0 |
29 |
BBVA |
1 |
0 |
0 |
0 |
1 |
29 |
China International Capital Corp. |
1 |
0 |
0 |
0 |
1 |
29 |
CIMB Securities |
1 |
0 |
0 |
0 |
1 |
29 |
Commerzbank Corporates & Markets |
1 |
0 |
0 |
0 |
1 |
29 |
Davy |
1 |
1 |
0 |
0 |
0 |
29 |
Equita S.I.M. |
1 |
1 |
0 |
0 |
0 |
29 |
Fidentiis Equities |
1 |
0 |
0 |
1 |
0 |
29 |
Goodbody Stockbrokers |
1 |
0 |
1 |
0 |
0 |
29 |
Handelsbanken Capital Markets |
1 |
0 |
0 |
1 |
0 |
29 |
Helvea |
1 |
0 |
0 |
0 |
1 |
29 |
Ichiyoshi Research Institute |
1 |
0 |
0 |
0 |
1 |
29 |
ING Equity Markets13 |
1 |
1 |
0 |
0 |
0 |
29 |
Intermonte |
1 |
0 |
0 |
1 |
0 |
29 |
JB Capital Markets |
1 |
0 |
0 |
0 |
1 |
29 |
Keefe, Bruyette & Woods |
1 |
0 |
0 |
0 |
1 |
29 |
Kepler Equities14 |
1 |
0 |
0 |
0 |
1 |
29 |
MainFirst Bank |
1 |
0 |
0 |
1 |
0 |
29 |
N+1 Equities |
1 |
0 |
0 |
0 |
1 |
29 |
Oddo Securities |
1 |
0 |
0 |
0 |
1 |
29 |
Okasan Securities Co. |
1 |
1 |
0 |
0 |
0 |
29 |
Petercam |
1 |
0 |
0 |
0 |
1 |
29 |
Rabobank |
1 |
0 |
0 |
1 |
0 |
29 |
Redburn Partners |
1 |
0 |
0 |
0 |
1 |
29 |
Samsung Securities |
1 |
0 |
0 |
0 |
1 |
29 |
UniCredit |
1 |
0 |
0 |
0 |
1 |
29 |
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, the All-Japan Research Team and the All-Asia Research Team. 2 Positions on the All-Japan Research Team were for Deutsche Securities. 3 Positions on the All-Japan Research Team were for Morgan Stanley MUFG Securities Co. 4 Positions on the All-Europe Research Team were for J.P. Morgan Cazenove. 5 Positions on the All-Europe Research Team and the All-Europe Fixed-Income Research Team were for NomuraInternational; 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.; and positions on the All-Asia Research team were for Goldman Sachs(Asia). 9 Positions on the All-Europe Fixed-Income Research Team were for Crédit Agricole Corporate Investment Bank. 10 Positions on the All-Asia Research Team were for Macquarie Capital Securities. 11 Positions on the All-Europe Research Team were for Je‚ eries International. 12 Positions on the All-Europe Research Team were for Santander Investment Bolsa. 13 Positions on the All-Europe Research Team were for ING Financial Markets. 14 Positions on the All-Europe Research Team were for Kepler Capital Markets. |
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