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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.

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  18
Bank of America Merrill Lynch 58 12  30 
J.P. Morgan 3 50  9  14  19 
UBS  48 12 9 10  17 
Morgan Stanley 445 18  12
Barclays  38 10 16 
7 Nomura 535 6 13
Citi  27 16
9 Credit Suisse 21 16
10 Mizuho Securities Group 15 6
11 Daiwa Capital Markets 614 5
11 SMBC Nikko Securities 14  8
13 Exane BNP Paribas 11 6
14  Mitsubishi UFJ Morgan Stanley Securities Co. 9 5
15 Sanford C. Bernstein & Co. 78 1
16 Goldman, Sachs & Co. 87 5
17  Crédit Agricole Cheuvreux 96 1
17  Société Générale 6 4
19  Royal Bank of Scotland 4 1
20  BNP Paribas Securities
20  Jefferies & Co. 102
22  Berenberg Bank 
22  HSBC  0
22  Kempen & Co.  
22  Santander 111
22  SEB Enskilda  2 1
27 ABG Sundal Collier 11
27Autonomous Research 100
27 Banco Português de Investimento 01
27 BBVA 01
27 Commerzbank Corporates & Markets 01
27 Davy 1
27Equita S.I.M. 1
27 Fidentiis Equities 01
27 Goodbody Stockbrokers 01
27 Handelsbanken Capital Markets 01
27 Helvea 01
27 Ichiyoshi Research Institute 01
27 ING Equity Markets 12 1
27 Intermonte 01
27 JB Capital Markets 01
27 Keefe, Bruyette & Woods 01
27 Kepler Equities 1301
27 Macquarie Securities 010
27 MainFirst Bank 010
27 N+1 Equities 01
27 Oddo Securities 01
27 Okasan Securities Co. 1
27 Petercam 01
27 Rabobank 01
27 Redburn Partners 01
27 UniCredit 01
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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