J.P. Morgan scores best rankings ever in annual Institutional Investor survey

U.S. equity research survey gains nine positions compared to 2006 results

The highly-anticipated annual survey of equity analysts issued by Institutional Investor (II) magazine came out last week, showing J.P. Morgan had achieved its best overall rankings ever.  The II All-America Research Team survey of U.S. equity showed J.P. Morgan analysts had captured 33 spots, the most in the firm’s history, placing the team in fourth place, up from seventh in 2006.

Of the 33 analysts to be named, seven were ranked #1, again the most in J.P. Morgan’s history.  In addition, our research teams covering technology, telecommunications, consumer, basic materials and capital goods all ranked #1.  Last year, J.P. Morgan had 24 analysts on the All-America team, nine fewer than this year.

“What is particularly gratifying about this year’s survey,” says Tom Schmidt, head of Americas Equity Research, “is that virtually every one of our ranked analysts is homegrown, meaning they joined J.P. Morgan at the start of their careers and have developed into the kind of analysts that are recognized by investors for their insights and the quality of their work.”

Each year, II surveys buyside firms to determine which analysts to include on the All-America team.  This year, the magazine received responses from 810 buyside firms representing 2,600 investors and portfolio managers.

Combined with the strong results the firm has received in II surveys for other regions and asset classes, J.P. Morgan has taken a clear leadership position in research across all asset classes.  Combining the results of the four main Equity Research II surveys (U.S., Europe, Asia-ex, and Japan), J.P. Morgan now ranks #3, up from #9 in 2004.  By further including the two main Fixed Income surveys (U.S. and EMEA), J.P. Morgan has now jumped from #7 in 2004 to #1 this year – clearly marking J.P. Morgan as the leading research house on Wall Street.

Schmidt said the magazine ranking is further confirmation of the positive direction in the Americas Cash Equity business.  Pointing to the recent client broker vote results, Schmidt mentioned those results are “a clear demonstration of the strength and continued positive momentum of our entire Equities Research and Sales platform.”
 
Last month, the magazine issued its U.S. fixed income research rankings, placing J.P. Morgan in second place overall, with 34 analysts named and eight teams grabbing top spots.

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