U.S. buy-side analysts ranked J.P. Morgan as the most widely used provider of domestic equity research in four of the six composite industry categories covered by Greenwich Associates in its 2011 U.S. Equity Analysts study.
Morgan Stanley and Credit Suisse essentially tied for third place in internal voting processes among buy-side analysts, which determine how equity research commission payments should be allocated among U.S. brokers and research providers. These firms are followed by Citi, Barclays Capital and UBS, which are also essentially tied in the analyst research vote.
The ranking tables accompanying today’s release list the 2011 Greenwich Leaders on an overall basis and in six composite industry sectors. “The results show J.P. Morgan ranked first in industrials, consumer discretionary and healthcare among buy-side analysts and tied for first with Citi and Bank of America Merrill Lynch in financials,” stated Greenwich Associates consultant Jay Bennett in the release. “Morgan Stanley ranks first in information technology and Credit Suisse, Barclays Capital and UBS tie for first in energy.”
As part of its 2011 U.S. Equity Analysts Study, Greenwich Associates conducted interviews with 1,007 equity analysts at buy-side institutions in the United States. Interviews were conducted between November 2010 and February 2011. I