by Luke Atcheson.
The 2016 Thomson Reuters Analyst Awards have been announced, recognizing the top ranking stock analysts and brokerage firms across the globe. In the US and the UK & Ireland, Goldman Sachs’ analysts secured 18 and 10 individual prizes, respectively, making it the number one brokerage firm in both regions. In Germany, the top award-winning broker turned out to be Warburg Research, whereas in Asia, HSBC Global Research took the honors. For a full list of winners across all regions, please check the official Analyst Awards website.
“We are once again honored to be named by StarMine as the top ranked broker in the US in 2016,” said Robert Boroujerdi, Head of Americas Equity Research and Global Equity CIO at Goldman Sachs. “Our department’s DNA relies heavily on understanding the changing nature of profit pools, inflection points in business models, estimate accuracy and stock selection. We are proud to see the team’s hard work has been recognized.”
The Awards, based on objective Thomson Reuters StarMine sell-side securities analysts’ ratings, measure the performance of analysts against the industry excess returns of their buy/sell recommendations and the accuracy of their earnings estimates. The 2016 awards recognise the sell-side securities analysts who have shown outstanding performance as either Stock Pickers during the 2015 calendar year, and/or Earnings Estimators during the fiscal quarter periods reported between April 1, 2015 and March 31, 2016.
Raj Shah, the head of StarMine sell-side research awards at Thomson Reuters, said, “With a focus on differentiated research, real rigour was required by analysts as they formulated their forecasts and recommendations. Winning analysts were those that did well in unravelling emerging trends, articulating the investment case and identifying the opportunity for their clients to make money. Congratulations to all of this year’s ranked analysts.”