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# List of Sell-side Equity Research Firms
- URL: https://richard-toad.ghost.io/the-comprehensive-list-of-equity/
- Published: 2023-03-04T22:38:54.000Z
- Updated: 2026-08-08T07:21:18.000Z
- Author: Richard Toad
- Tags: Career, #substack, #substack-type-newsletter, #substack-access-everyone, #Import 2025-11-17 03:13

Below is a list of firms globally that produce equity research reports to help you identify firms that you want to work at. ***Some firms might have been bought, use your judgment.*** Updated as of 3/27/2026

## **Large Investment Banks**

- Bank of America Securities
- Barclays
- Citi
- Deutsche Bank
- Evercore ISI
- Goldman Sachs
- J.P. Morgan
- Jefferies & Co.
- Morgan Stanley
- RBC Capital Markets
- UBS
- Wells Fargo Securities, LLC

## **US Boutique Research (industry specialty in parenthesis)**

- 13D Research
- Alembic Global Advisors (Chemicals)
- Autonomous Research (Financials) - *acquired by Bernstein*
- Bernstein - *JV with Soc Gen*
- Bloomberg Intelligence
- Cleveland Research
- Cornerstone Macro
- Edgewater Research
- Fermium Research (Chemicals)
- Fox Advisors
- Gordon Haskett
- Green Street Advisors (REITs)
- Huber Research (TMT)
- Kalinoswki Equity Research (Restaurant)
- Langenberg & Company
- LightShed Partners (TMT)
- M Science
- Melius Research (Industrials)
- MKM Partners - bought by Roth Capital
- MoffettNathanson (TMT)
- Monness, Crespi, Hardt
- Nephron Research (Health Care)
- New Street Research (TMT)
- Renaissance Macro Research
- SemiAnalysis
- Sitodi (small cap)
- Strategas Research Partners
- Summit Insights Group (Technology)
- Telsey Advisory (Retail)
- Vertical Research Partners (Basic Materials / Industrials)
- Webber Research & Advisory (Shipping)
- Wolfe Research
- Zelman & Associates (Homebuilding)

## **US Middle Market and Other**

- Alliance Global Partners
- Argus
- Ascendiant Capital
- B. Riley
- Baptista Research
- Benchmark
- Berenberg Capital Markets
- BTIG - *acquired by U.S. Bancorp*
- Cannonball Research
- Cantor Fitzgerald
- Capital One Securities
- Capitol Securities Management, Inc.
- Chardan Capital Markets
- CJS Securities
- C.L. King
- Colliers Securities
- Consumer Edge Research
- Craig-Hallum
- D.A. Davidson
- Dowling & Partners (Insurance)
- Edgewater Research
- Edward Jones
- Elazar Advisors
- FBN Securities
- Financial Technology Partners (FT Partners)
- First Analysis
- Freedom Capital Markets
- Gabelli & Co.
- Gilliam & Co.
- GLJ Research
- Global Equities Research
- Griffin Securities
- Guggenheim
- H.C. Wainwright
- Hovde Group
- Huntington Securities
- Janney Montgomery Scott
- JJK Research Associates
- JMP Securities - *owned by Citizens*
- Johnson Rice
- Kalinowski Equity Research
- Keefe, Bruyette & Woods - *owned by Stifel*
- KeyBanc
- Ladenburg Thalmann
- Lane Research
- Langenberg & Company
- Lake Street Capital Markets
- Leerink Partners
- LifeSci Capital
- Longbow
- Loop Capital
- Maxim Group
- Mizuho Securities
- Morningstar, Inc.
- Mosaic Research
- Needham & Company, LLC
- Noble Capital Markets
- Nomura Securities
- Northcoast Research
- Oppenheimer & Company, Inc.
- Piper Sandler
- Pivotal Research
- R5 Capital
- Raymond James & Associates, Inc.
- Robert W. Baird & Co.
- Rosenblatt Securities
- Roth Capital
- Seaport Global
- Shapiro Research
- Siebert Williams Shank
- Singular Research
- SMBC Nikko Securities America
- Stephens
- Stifel Nicolaus
- Susquehanna Financial Group
- T.D. Securities (incl. Cowen)
- The Retail Tracker
- Thompson Davis & Co.
- Tigress Financial Partners
- Titan Partners
- Truist Securities
- Tudor, Pickering, Holt & Co.
- Tuohy Brothers
- U.S. Capital Advisors
- Union Gaming
- US Tiger Securities
- Very Independent Research
- Wedbush
- WestPark Capital
- William Blair & Company, LLC
- The Zephirin Group

## **Canada**

- Accountability Research Corp.
- ATB Capital Markets
- BMO Capital Markets
- Canaccord Genuity
- CIBC World Markets
- Desjardins Capital Markets
- Echelon Wealth Partners
- Eight Capital
- Fidelity
- Haywood Securities
- Industrial Alliance
- Laurentian Bank Securities
- Manulife
- National Bank Financial
- RBC Capital Markets
- Scotiabank
- TD Securities

## **Europe**

- ABG Sundal Collier
- ABN AMRO - ODDO BHF
- Agency Partners
- Alphavalue
- Arctic Securities AS
- Arete Research Services
- Atlantic Equities
- Banca Akros
- Banca IMI
- Bestinver Securities
- BNP Paribas
- Bryan Garnier
- Carnegie Investment Bank
- Clarksons Platou Securities AS
- Commerzbank
- Danske
- Davy
- DeGroof Petercam
- Deutsche Bank
- DNB Bank ASA
- Drewry Maritime Financial Research
- DZ Bank
- Edison Group
- Equita
- Erik Penser Bank
- Exane BNP Paribas
- Fairesearch (Alphavalue)
- Fearnley Securities AS
- Handelsbanken
- HSBC
- Independent Minds
- ING
- InsingerGilissen
- Intermonte
- Invest Securities
- Investec
- KBC
- Kempen
- Kepler Cheuvreux
- Liberum Capital
- Mainfirst (Stifel Europe)
- Mediobanca
- Mirabaud
- Norddeutsche Landesbank
- Nordea
- On Field Investment Research
- Panmure Gordon
- Pareto Securities AS
- Patinex Management AG
- Peel Hunt
- Primavenue
- Redburn
- Santander
- SEB Group
- Societe Generale
- Swedbank

## **LatAM**

- Bradesco
- BTG Pactual
- Credicorp
- Itau
- LarrainVial

## **Australia**

- Barrenjoey Capital Partners
- Bell Porter
- Euroz Hartleys
- Evans & Partners
- Fosters Stockbroking
- Jarden
- MA Financial Group (Moelis)
- Macquarie
- Morgans
- Ord Minnett
- PAC Partners
- Parker Lane
- Shaw and Partners
- Wilsons

Thanks for reading. I will talk to you next time.