Sound research is the pre-requisite for long-term capital markets investment success. So we celebrate our awards and the recognition they embody. They strengthen us in our work and give cooperative bank customers the reassurance that they will profit from our analysts‘ recommendations.

Overall Research

The Institut der deutschen Wirtschaft (IW) determines the best forecasters on a quarterly basis:

  • In the evaluation of the survey (IW Financial Expert Survey) for the third quarter of 2019 in which 14 banks took part, DZ BANK Research was awarded 1st place in the overall evaluation of the short-term ranking with respect to the point forecasts and 2nd place in the overall evaluation of the long-term ranking with respect to the directional forecasts.

Economics

Focus Economics – a Spanish forecast provider – carries out monthly consensus polls on economic forecasts for more than 80 countries: Focus Economics polls more than 1,000 economic experts at national and international banks and economic research institutes. Around 50 institutes take part regularly alone on the survey for Germany and the euro area.
The evaluation of the accuracy of the economic forecasts for 2018 awarded DZ Research 14 top-three places overall for the individual forecasts, five of which in 1st place:

  • Three 1st places for the forecast of gross domestic product (GDP): for Germany, the euro area and for Belgium.
  • Two 1st places for the current account forecast: for France and the USA.

Equities

Starmine – a subsidiary of the information service Refinitiv, DZ BANK analysts in the Starmine ranking 2019* previously Thomson Reuters – has been picking the best analysts since 2003. Starmine measures the quality of their stock recommendations and the accuracy of their profit estimates.

  • For the “Analysts Award 2019” Starmine reviewed the performance of 229 analysts from 41 securities houses that track 631 German stocks overall.
  • DZ BANK’s stock analysts received seven awards.
Two further awards:
  • One 2nd place as “Best sector analyst France by stock recommendations in retail and consumer goods”.
  • One 3rd place as “Best sector analyst Europe by profit forecasts in Telecommunications".

Equity Strategy

The Institut der deutschen Wirtschaft (IW) determines the best directional and point forecasts on a quarterly basis.

  • In the evaluation (IW Financial Expert Survey) for the third quarter of 2019 DZ BANK’s Equity Research takes 2nd place three times for the directional forecasts for the DAX 30.

Commodities

Focus Economics – a Spanish survey provider – carries out monthly consensus surveys on forecasts for 23 commodity prices.

  • The evaluation of the accuracy of the commodities forecasts for 2018 awarded DZ Research three places in the overall assessment: 1st place for wheat, 2nd place for silver and 3rd place for zinc.

The Institut der deutschen Wirtschaft (IW) determines the best directional and point forecasts on a quarterly basis.

  • In the evaluation (IW Financial Expert Survey) for the third quarter 2019 Commodities Research is again awarded several top places in the Oil Price category: 1st place twice, 2nd place once and 3rd place twice in the six directional and point forecasts that were reviewed.

Interest Rate Forecast

The Institut der deutschen Wirtschaft (IW) identifies the best directional and point forecasts on a quarterly basis.

  • In the current evaluation (IW Financial Expert Survey) for the third quarter 2019 DZ BANK’s Fixed Income Research is again awarded numerous top places: 2nd place twice and 3rd place three times in the six directional and point forecasts that were reviewed for short-term interest rates and 3rd place once for the directional forecasts for long-term interest rates.

Currencies

The Institut der deutschen Wirtschaft (IW) identifies the best directional and point forecasts on a quarterly basis.

In the current evaluation (IW Financial Expert Survey) for the third quarter of 2019 DZ BANK’s Currencies Research in the category EUR-USD takes 2nd place twice and 3rd place once for the directional forecasts and 2nd place once and 3rd place once for the point forecasts.