JPMorgan was rated the best US sell-side research institution in a widely watched investor survey, reclaiming the top spot the bank has held for most of the past 10 years.

Bank of America fell to second place in the latest Institutional Investor survey, after briefly dethroning JPMorgan from its seven-year reign last year. Morgan Stanley ranked third, followed by Evercore ISI and Jefferies Financial Conglomerate.

Former JPMorgan employee Marko Kolanovic ranked first in stock-linked strategies, while Piper Sandler's Michael Kantrowitz was named the best investment portfolio strategist. Yin Luo of Wolfe Research took the top spot in algo research.

Ed Hyman of Evercore ISI was chosen as the best economist, marking his 44th win in the 53-year history of the Institutional Investor stock research survey. The company's Rich Ross was once again selected as the best technical analyst, while Krishna Guha maintained the top position in Washington research.

Forecasting this year's economic and financial performance has proven challenging for many industry insiders, as the economy and corporate profits have shown more resilience than expected. Meanwhile, optimism about AI continues to drive up technology stocks.

The 2024 Institutional Investor rankings compiled ratings from 4351 portfolio managers and analysts at 1669 institutions.