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 current evaluation of the survey (IW Financial Expert Survey) for the fourth quarter of 2020, in which 14 banks took part, DZ BANK Research was awarded 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

With the „Starmine Analyst Awards“, the information service Refinitiv, previously Thomson Reuters, has been picking the best analysts since 2003. The basis for the evaluation is not only the quality of the stock recommendations but also the accuracy of earnings estimates. For the „Analyst Award 2020“, the performance of 219 analysts from 41 securities houses was evaluated for the 2019 stock market year, covering a total of 633 German stocks.

  • DZ BANK’s analysts received a total of nine awards for German stocks – six of them among the top three.
  • This puts DZ BANK Research in 2nd place in the category “The best brokers for German stocks“.
Seven further awards:
  • two awards for French stocks by profit forecasts, including one 1st place for Retail & Consumer products
  • five awards for European stocks, including four 1st placements following recommendations

Equity Strategy

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

  • In the current evaluation (IW Financial Expert Survey) for the fourth quarter of 2020 DZ BANK‘s Equity Research in the 3- and 6-month directional forecasts takes 2nd place for the Stoxx 50 and 3rd place for the DAX.

Commodities

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

  • In the current evaluation (IW Financial Expert Survey) for the fourth quarter of 2020 Commodities Research is again awarded 3rd place in the Oil Price category for the 3- and 6-month point forecasts.

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.

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 fourth quarter of 2020 DZ BANK‘s Fixed Income Research again takes 2nd place for the 3- and 6-month directional forecasts for the 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 fourth quarter of 2020 DZ BANK‘s Currencies Research in the category EUR-USD takes 1st place for the 3- and 6-month point forecasts and 2nd place for the 3- and 6-month directional forecasts.