JPMorgan Tops Institutional Investor Analyst Rankings

JPMorgan Chase & Co.’s stock research group won the top slot in Institutional Investor magazine’s 39th annual ranking for the first time, breaking Barclays Plc’s two-year winning streak.

JPMorgan, based in New York, had 46 analysts on the list, two more than last year, the magazine said. Institutional Investor said the rankings were dominated this year by analysts who best understood global economic developments such as U.S. health-care and financial reform, Europe’s government debt crisis and the Gulf of Mexico oil spill. (Click here for the list of “2010 All-America Research Team First-Teamers.”)

“The market was driven by macro events, and analysts needed to understand and interpret those events to provide perspective on which sectors and stocks would outperform,” Thomas Schmidt, the New York-based head of Americas equity research at JPMorgan, told Institutional Investor. JPMorgan also won first place in the magazine’s ranking in September of fixed-income analysts.

Barclays of London was voted second, with 43 analysts on the list compared with 46 last year. It won in 2008 and 2009, and it owns the U.S. operations of Lehman Brothers Holdings Inc., which was ranked highest during the five prior years.

Bank of America Corp.’s Merrill Lynch Global Research held its third-place position, while Credit Suisse Group AG came in fourth and UBS AG took fifth. Bank of America is based in Charlotte, North Carolina, while Credit Suisse and UBS have their headquarters in Zurich.

Biggest Increase

Morgan Stanley had the biggest climb in the top 10, rising from ninth place to seventh after increasing the number of analysts on the list by eight to 24. Goldman Sachs Group Inc. slipped to tenth from eighth place with 10 analysts. Both companies are based in New York.

The magazine surveyed 3,500 investors at 970 companies with assets of $10.2 trillion to produce the stock-analyst ranking.

Winners included Brad Hintz, a New York-based brokers and asset-managers analyst at Sanford C. Bernstein & Co., and Francois Trahan, a portfolio strategist who quit ISI Group to help form Wolfe Trahan & Co. For the largest banks, Deutsche Bank AG’s Matthew O’Connor was No. 1.

     The following are the firms ranked highest in the
Institutional Investor survey:

2010                                             2009
Ranking        Firm                              Ranking

1              JPMorgan Chase & Co.               2
2              Barclays Plc                       1
3              Bank of America Corp.              3
4              Credit Suisse Group AG             5
5              UBS AG                             4
6              Sanford C. Bernstein & Co.         6
7              Morgan Stanley                     9
8              Citigroup Inc.                     7
9              Deutsche Bank AG                   10
10             Goldman Sachs Group Inc.           8
10             ISI Group Inc.                     11

To contact the reporter on this story: Rita Nazareth in New York at rnazareth@bloomberg.net.

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net.

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