J.P. Morgan Shatters Record, Surges to Top of Institutional Investor Fixed-Income Ranking

Stunning Gains Bring an End to 10-Year Reign of Former Lehman Brothers Research Operations


NEW YORK, NY--(Marketwire - September 2, 2010) - J.P. Morgan captures a record-smashing 55 positions in the 2010 All-America Fixed-Income Research Team survey, Institutional Investor's annual ranking of the nation's top fixed-income analysts.

The firm picks up 13 more positions than it won last year -- including seven additional analysts or teams ranked No. 1 in their respective sectors, for a total of 26 first-place finishes -- and bumps down to second place the research department that had ruled the roost for the past decade, last year as part of Barclays Capital and for the nine years before that as part of Lehman Brothers.

Lehman held the previous record for most positions won: 47, in 2008. That year's survey was completed just weeks before Lehman Brothers Holdings collapsed into bankruptcy, plunging the world into the worst financial crisis in decades. Barclays subsequently acquired Lehman's North American operations.

BofA Merrill Lynch Global Research holds steady in third place even though it picks up six more positions, for a total of 40. Returning in fourth and fifth place, respectively, are Goldman, Sachs & Co., with 24 positions (two more than in 2009), and Wells Fargo Securities, with 15 (one more than last year).

Results are based on responses from more than 1,100 buy-side analysts and investment officers at nearly 440 firms managing an estimated $8.9 trillion in U.S. fixed-income assets.

The complete list of winners can be found on our Web site, www.institutionalinvestor.com.

For more information, contact Alyssa Walker at awalker@iiresearchgroup.com or +1 (212) 224-3677.

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Contact Information:

Contact:
Alyssa Walker
awalker@iiresearchgroup.com
+1 (212) 224-3677