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 Köln (IW) determines the best forecasters on a quarterly basis

  • In the evaluation of the survey (IW Financial Expert Survey) for the second quarter of 2018 (evaluation period: 30.3.2015 to 30.3.2018) in which 14 banks took part, DZ BANK Research was awarded first place in the overall evaluation of the long-term ranking with respect to the directional forecasts and third place in the overall evaluation of the short-term ranking with respect to the point forecasts.

Economics

FocusEconomics – a Spanish forecast provider – carries out monthly consensus polls on economic forecasts for around 80 countries. The evaluation of the accuracy of economic forecasts for 2016 produced some good results for DZ-Research:

  • In the overall evaluation of forecasts for Germany DZ BANK took third place among around 40 participants
  • In the individual forecasts (including GDP and inflation forecasts) DZ BANK also took some top places for European countries, including first place for the French GDP forecast

Equities

The US analyst firm Starmine – a subsidiary of 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 “Thomson Reuters Analyst Awards 2017” it reviewed 1,411 analysts of German shares from 176 securities firms that track 501 stocks overall.
  • The DZ BANK’s equity analysts received seven awards.

Equity Strategy

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

  • In the evaluation (IW Financial Expert Survey) for the second quarter of 2018 DZ BANK’s Equity Research takes first place once with respect to the directional forecasts for the Stoxx 50 and for the DAX 30 second place once and third place twice

Commodities

FocusEconomics – a Spanish forecast provider – carries out monthly consensus surveys on forecasts for 29 commodities

  • FocusEconomics awarded DZ BANK Research two good places for the accuracy of commodities forecasts for 2016:
  • In the overall evaluation DZ BANK took second place for soya beans and third place for sugar among the 40 or so participants

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

  • In the category of the best directional forecaster (evaluation period: 30.3.2015 to 30.3.2018) Commodities Research takes first place for the 3-month forecasts and for the 3- and 6-month forecasts for the oil price and second place for the 6-month forecasts. In the category of the best 3-month point forecaster Commodities Research takes first place for the oil price.

Interest Rate Forecast

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

  • In the current evaluation (IW Financial Expert Survey) for the second quarter of 2018 DZ BANK’s Fixed-Income Research again occupies a large number of leading positions: once first place, four times second place and once third place in the six directional and point forecasts for short-term interest rates

Currencies

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

  • In the evaluation (IW Financial Expert Survey) for the second quarter of 2018 DZ BANK‘s FX Research takes second place twice and third place once in the directional forecasts in the category EUR-USD and third place once with respect to the point forecasts

DZ BANK’s FX Research takes first place in Bloomberg’s analysis of EUR-USD forecasts for the second quarter of 2017.