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Investing Experts

Reading Wall Street research like a pro with Steven Cress

Nov 1, 2023
Steven Cress, Head of Quantitative Strategy at Seeking Alpha with 30 years of Wall Street experience, discusses the driving force behind Wall Street research (1:20), the evolving nature of research goals (13:30), and how Seeking Alpha's Quant Ratings validate stock picks (15:50).
19:56

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Wall Street research drives trading and banking business via positive recommendations and access to management.
  • Quant Ratings provide data-driven validation for stock picks, enabling informed investment decisions beyond traditional analyst views.

Deep dives

The Objective of Wall Street Research

Wall Street research aims to generate trading commissions, validate fee structures, promote investment banking relationships, support trading activities, and maintain access to top management through positive recommendations. Analysts prioritize maintaining strong relationships with management teams to secure access to CEOs and CFOs for meetings with key clients, resulting in a majority of buy or hold recommendations over sell ratings.

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