TipRanks’ analyst ranking service reveals the top 10 U.S. analysts whose ratings were the most successful between October 2023 to September 2024.
The year 2024 was quite an eventful one for the U.S. stock market, with the S&P 500 Index gaining more than 20% for the second consecutive year.
RBC Capital analyst Gerard Cassidy tops the list with an impressive success rate of 88% and an average return of 11.5%. Interestingly, his most profitable rating has been on), a financial services company that offers banking, insurance, and wealth management solutions. His buy recommendation on FITB stock during Oct. 19, 2023 to Jan. 19, 2024, generated a return of 38.6%.
Ebrahim Poonawala from Bank of America secures the third spot based on an overall success rate of 82% and an average return of 10.2%. His best recommendation has been on), a bank holding company that offers banking solutions through its primary subsidiary, Western Alliance Bank. The analyst's buy rating on WAL stock generated a return of 55.1% during Oct. 20, 2023 to Jan. 20, 2024.
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