Three decades of survey data also place UBS at historical top in ranking of European analysis teams
UBS has jumped to the top spot in Institutional Investor’s 2015 All-Europe Research Team survey for its analysis of Europe’s incipient economic recovery, jumping from fifth place last year after a gain of nearly 50 percent in votes, the magazine has announced.
UBS, which won 30 positions in the selection of top analysts in the survey, is followed in the ranking of the region’s top sell-side equity analyst teams by Deutsche Bank and JPMorgan Cazenove, which share the second tier with 27 positions each, says Institutional Investor in a press release.
Bank of America Merrill Lynch (BofAML), which placed first last year, drops to fourth place this year with 26 positions, down from 32 last year. Morgan Stanley, meanwhile, has fallen from fourth last year to fifth this year with a total of 22 positions.
The rankings are based on the number of analysts selected to the top spots for a given subject, such as banks, the UK, automobiles and others. When weighted according to positioning, with the top spot counting for four points, the second for three, and so on, BofAML and Deutsche Bank are tied for the overall top spot with a score of 62 while UBS comes second with 61.
The victory for UBS, which hasn’t won the top spot since 2010, marks the firm’s 17th top placement in the survey since the annual ranking began 30 years ago, the magazine says. When all data from three decades of surveys are aggregated, UBS also comes out far ahead of all other firms, with a total of 1,345 spots. BofAML comes a distant second with 784 spots and Credit Suisse is third with 724.
BofAML analysts Michael Hemsley and Alastair Ryan appear at the top of two lists, co-directing the teams that score highest for both banks and the UK, the magazine says. Nik Oliver, also of BofAML, appears in various positions on three lists, including beverages, household & personal care products and tobacco.
