Bank of America Merrill Lynch bumps Deutsche Bank down to second place on Institutional Investors 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 its ahead by four.
However, the two firms share the winners 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 |
|1||Bank of America|
|2||Deutsche Bank 2||87||23||22||10||32|
|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|
Morgan Stanley Securities
|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|
|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||Kempen & Co.||2||0||1||0||1|
|29||ABG Sundal Collier||1||1||0||0||0|
Corporates & Markets
|29||Ichiyoshi Research Institute||1||0||0||0||1|
|29||ING Equity Markets13||1||1||0||0||0|
|29||JB Capital Markets||1||0||0||0||1|
|29||Keefe, Bruyette & Woods||1||0||0||0||1|
|29||Okasan Securities Co.||1||1||0||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.