Broker is preferred choice for IR practitioners in 2016
JPMorgan Chase this year tops the list of those most mentioned when IR practitioners were asked which broker, in their experience, hosted the most impressive roadshow, according to the IR Magazine Global Roadshow Report 2016.
That means JPMorgan Chase moves up from second place in 2015, while Credit Suisse, last year’s chart-topper, doesn’t make it into the top five this time. Barclays Capital and Citi remain in third and joint fifth, respectively, with Bank of America Merrill Lynch moving up one place to second. New entrants in the top five this year are Royal Bank of Canada and HSBC.
Bank of America Merrill Lynch maintains its position as the broker companies are most likely to go on the road with: almost a third (31.1 percent) of respondents surveyed say they went on a roadshow with the bank in the past 12 months, down from 32.2 percent in 2015.
The general trend is for the most popular brokers to see a drop in the number of companies using their services, with all those in the top 10 list experiencing a reduction on last year. Just four brokers in the top 20 – Royal Bank of Canada, Raymond James, Wells Fargo and Berenberg – buck the trend to see the percentage of respondents using their services actually increase in 2016.
The same companies appear in the top 10 this year as in 2015. Credit Suisse and UBS have most improved their position relative to their competitors, with Credit Suisse rising from seventh place in 2015 to third this year, and UBS jumping from joint seventh to fourth.
