Analyst Picks versus S&P 500: 1993-1997


Firm 1997: 4th Q 1997 1993-1997
Edward Jones 4.20% 39.50% 120.40%
Lehman Brothers 2.40% 39.20% 129.70%
A.G. Edwards 2.70% 38.20% 198.80%
Raymond James -8.50% 37.40% 221.30%
Everen -6.50% 35.90% 169.30%
Prudential 1.40% 34% 105.50%
Credit Suisse -2.10% 33.70% 193.10%
Goldman Sachs 4.30% 30.70% 138.20%
Salomon Bros 0% 28.30% 161.90%
PaineWebber -3.40% 26.60% 252.40%
Piper Jaffray -0.70% 26.10% NA
Merrill Lynch 0.70% 25.80% 193.80%
Morgan Stanley -3.50% 21.90% 103.60%
Wheat First -4.30% 21.89% NA
Bear Stearns -5.70% 21.20% 142.90%
S&P 500 2.90% 33.40% 151.60%

Last Update: 2/20/98

Name: Aswath Damodaran