JPMorgan Chase has reclaimed its position as the leading U.S. sell-side research firm in a high-profile investor survey. This marks a return to the top spot that JPMorgan had held for most of the past decade. In the latest Institutional Investor survey, Bank of America slipped to second place after briefly overtaking JPMorgan last year following a seven-year hold. Morgan Stanley ranked third, followed by Evercore ISI and Jefferies Financial Group.
Among individual accolades, former JPMorgan employee Marko Kolanovic was recognized for his success in equity-linked strategies. Michael Kantrowitz of Piper Sandler was named the top portfolio strategist. In quantitative research, Wolfe Research's Yin Luo secured the first position. Ed Hyman from Evercore ISI was voted the best economist for the 44th time in the history of the Institutional Investor's Equity Research Survey, which spans 53 years. Additionally, Rich Ross from the same company was re-elected as the best technical analyst, while Krishna Guha maintained leadership in Washington research.
Forecasting economic and financial performance this year has proven challenging for many in the industry, with economic resilience and stronger-than-expected corporate earnings. Meanwhile, optimism surrounding artificial intelligence continues to drive technology stocks higher.
The 2024 Institutional Investor rankings evaluated scores from 4,351 portfolio managers and analysts across 1,669 institutions.
