Wells Fargo is now No. 1 in equity research, according to the 2017 Thomson Reuters StarMine Analyst Awards, up from the No. 2 ranking in 2016.
The annual awards rank analysts based on the performance of their investment recommendations and the accuracy of their earnings forecasts. Wells Fargo analysts earned 21 awards — the highest among the 161 firms evaluated.
Most award-winning brokers
Wells Fargo Securities: 21 awards
Goldman Sachs: 20 awards
Stifel: 19 awards
“The results are a reflection of both our world-class talent and Wells Fargo’s research approach, which emphasizes deep industry knowledge, analytical rigor, and independent thought,” said Diane Schumaker-Krieg, global head of Research, Economics & Strategy.
“The marketplace of ideas remains competitive, and having the No. 1 equity research team is an unparalleled differentiator in the current environment.”
Schumaker-Krieg said that Research & Economics has more than 300 professionals covering over 2,400 securities across every major sector of the economy.
“The Thomson Reuters’ recognition is the result of a thoughtful, long-term strategy to add top-tier talent to our research team to help our clients navigate critical issues facing their respective industries,” she said.