Bloomberg News

JPMorgan Stays No. 1 in Institutional Investor Analyst Rankings

October 11, 2011

Oct. 11 (Bloomberg) -- JPMorgan Chase & Co. stock analysts took top honors in Institutional Investor magazine’s rating of the best U.S. financial researchers for the second consecutive year, winning by the narrowest margin of any firm since 2002.

JPMorgan, the second-largest U.S. bank by assets, had 40 top-ranked analysts in the survey, edging out Barclays Plc and Bank of America Corp.’s Merrill Lynch, which tied for second place with 39 each, the publication said today in a statement. The number of top analysts at Deutsche Bank AG rose to 25 from 18, the largest increase, as Germany’s biggest lender climbed to eighth place from ninth last year.

Institutional Investor’s 40th annual All-America Research Team ranking tallied ratings from 3,500 fund managers and analysts at more than 1,000 investment firms overseeing $10.7 trillion of U.S. equities. New York-based JPMorgan, Barclays and Bank of America held the top spots even as fewer of their analysts made the cut.

“The competition is fierce,” Thomas Johnson, the magazine’s research editor, said in the statement. “In a period of unprecedented economic uncertainty, from sovereign debt crises in Europe and political unrest in the Middle East to gridlock in Washington, it’s not surprising that investors would flock to banks with global platforms.”

UBS Gains

JPMorgan had 46 analysts on the list in 2010 to capture the top ranking for the first time, snapping a two-year winning streak for Barclays Capital, the brokerage arm of London-based Barclays, which placed second with 43 analysts. Barclays owns the U.S. operations of Lehman Brothers Holdings Inc., which ranked No. 1 in each of the previous five years. Charlotte, North Carolina-based Bank of America ranked third in 2010.

UBS AG, Switzerland’s biggest bank, climbed to tie Credit Suisse Group AG in fourth place with 43 analysts, up from fifth last year. New York-based Sanford C. Bernstein & Co. was the only firm in the top 10 to fall, slipping to ninth place from sixth with 22 analysts, down from 25 last year.

Winners include John Pitzer, who covers technology for Zurich-based Credit Suisse, and JPMorgan’s Steven Alexopoulos, who took the top spot for Banks/Midcap analysts.

--Editors: Peter Eichenbaum, William Ahearn

To contact the reporters on this story: Jeff Kearns in New York at jkearns3@bloomberg.net; Kaitlyn Kiernan in New York at kkiernan2@bloomberg.net.

To contact the editors responsible for this story: Nick Baker at nbaker7@bloomberg.net; David Scheer at dscheer@bloomberg.net


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