Bloomberg reports: “….JPMorgan, under Americas equity
research head Noelle Grainger, scored the largest number of highly ranked
analysts, making it the No. 1 firm in U.S. equities research. Bank of America
was No. 2, followed by Morgan Stanley.
“To compile the ranking, Stamford, Connecticut-based
Greenwich Associates surveyed 980 buy-side analysts at 216 investment
management firms, mutual funds, hedge funds, pensions and insurers. The
analysts were asked to name the Wall Street research teams they considered
their most important sources of advice on investments in 58 industries. Those
were winnowed to 35 to ensure a statistically significant number of responses.
“The answers were then weighted by the amount of trading
commissions each buy-side firm paid out to banks and brokerages -- $30 million
on average, or a total of $5.6 billion. A vote for an analyst by a firm that
paid $20 million in commissions was thus given twice the weight of a firm that
paid $10 million….”
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