Goldman Sachs, top stock pickerWho's the smartest money on Wall Street? It's everybody's favorite firm to hate -- Goldman Sachs (GS). That's according to Bloomberg Markets' ranking of the "World's Best Financial Stock Pickers" released on Wednesday.

The magazine examined stock picks issued by more than 2,500 analysts at 77 firms from Jan. 1, 2008, through July 30, 2010, to rank firms on their ability to forecast stock movements correctly. Goldman Sachs analysts topped the list, followed by researchers at KBW (KBW) and Deutsche Bank (DB).

"It's a very difficult climate to make stock recommendations in," says S.P Kothari, a professor of management and deputy dean at MIT'S Sloan School of Management who is quoted in the article announcing the ranking. "First you had to predict the downfall of the financial sector in 2008, which only very few people did. Then, you had to change your outlook to catch the recovery -- all within a relatively short period of time."

Following the recommendations of the top 10 firms on Bloomberg Markets' list could have helped investors improve their fortunes during one of the most volatile periods in stock market history. Some investors may want to pay more attention to these firm's recommendations. But remember: An analyst's past performance has no bearing on future results.

The entire top 10 ranking follows:

1. Goldman Sachs (GS)
2. KBW (KBW)
3. Deutsche Bank (DB)
4. Credit Suisse (CS)
5. Citigroup (C)
6. JP Morgan Chase (JPM)
7. Barclays (BCS)
8. Sanford C. Bernstein
9. Alphavalue
10. Sandler O'Neill & Partners

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fixxyman

we already voted the bums out of congress two years ago

October 14 2010 at 10:31 PM Report abuse -1 rate up rate down Reply
Dismayed

Is AOL on its last leg? Is it going out of business? Does it receive funding from the Obama administration? Vote the bums In Washington out in November. Don't be distracted by the side issues sawdust they throw in your face.

October 14 2010 at 3:53 PM Report abuse +4 rate up rate down Reply
1 reply to Dismayed's comment
chr1stybar

you must be one of those republiCONS. the big bad dems are going to get you. MORON

October 14 2010 at 4:05 PM Report abuse rate up rate down Reply
slone9

they forgot to add me to the list......

October 14 2010 at 1:45 PM Report abuse +4 rate up rate down Reply
1 reply to slone9's comment
MSmailbox

You beat me to the punch. :-)

October 14 2010 at 2:56 PM Report abuse rate up rate down Reply
jkennedy806

If the banking industry was organized crime, (and I use if loosely) Goldman Sachs would be the GODFATHER

October 14 2010 at 1:15 PM Report abuse +4 rate up rate down Reply
1 reply to jkennedy806's comment
MSmailbox

Such words! And from a Kennedy, at that.

October 14 2010 at 2:57 PM Report abuse rate up rate down Reply
dterraman

sachs has the ear of the elected and their hand in your pocket....why not prosper

October 13 2010 at 5:12 PM Report abuse +6 rate up rate down Reply