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Last year Itau BBA shared the winner's circle of the Latin America Research Team, Institutional Investor's exclusive annual ranking of the region's best sell-side analysts, with Bank of America Merrill Lynch and J.P. Morgan. This year it has the top spot all to itself, as the latter firms slip to second place.
Complete results can be found at www.institutionalinvestor.com/rankings.
Itau captures 22 positions, one fewer than in 2015, and its analysts are deemed the best in five of the survey's 25 sectors.
BofA Merrill and J.P. Morgan each claim 21 positions, and their analysts top seven rosters apiece.
BTG Pactual repeats in fourth place, with 18 spots -- down one from last year -- while Credit Suisse holds steady at No. 5, with 14 positions.
Survey results reflect the opinions of more than 900 buy-side analysts and money managers at some 450 institutions that oversee an estimated $337 billion in Latin American equities and approximately $304 billion in Latin American debt.
Fourteen firms are represented on this year's team, including two that did not appear in 2015: Credicorp Capital and Raymond James Argentina.
A total of 144 analysts are cited on the roster, which is limited to the top three squads in each sector, plus runners-up where applicable. Subscribers can access all of these results online.
The full report names 301 researchers, representing 38 entities, who met minimum-vote and other eligibility criteria. For more information contact Weisz at 212-224-3307 or eweisz@iiresearchgroup.com.
