Janney Montgomery Scott
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Janney Montgomery Scott, founded in 1832, stands as one of the oldest continuously operating investment banks in the United States, with deep roots in Philadelphia financial tradition. The firm operates as a significant regional powerhouse with a substantial research operation that has generated approximately 498 analyst ratings calls covering US equities across our database. Janney is particularly known for its comprehensive coverage of mid-cap companies and regional businesses, with notable expertise spanning financial services, healthcare, consumer, and industrials sectors. A distinctive aspect of Janney's research culture is its emphasis on fundamental, relationship-driven analysis conducted by analysts who maintain close ties with management teams and regional business communities, reflecting the firm's heritage as a trusted advisor to institutional and individual investors across the Northeast and beyond.
Upgrades
193
79.27% win rate
· avg +3.19% D1
Downgrades
221
79.64% win rate
· avg -4.26% D1
Avg Gap — Upgrades
+2.43%
open vs prev close
Avg Gap — Downgrades
-3.75%
open vs prev close
Performance by Sector
| Sector | ↑ Win% | ↑ D1 | ↓ Win% | ↓ D1 |
|---|---|---|---|---|
| Financial Services | 77.63% (76) | +2.25% | 79.27% (82) | -3.28% |
| Utilities | 82.35% (34) | +3.37% | 80.00% (30) | -2.77% |
| Consumer Cyclical | 90.00% (20) | +5.69% | 75.00% (24) | -5.41% |
| Healthcare | 72.22% (18) | +7.28% | 83.33% (18) | -10.20% |
| Real Estate | 75.00% (16) | +1.33% | 68.75% (16) | -0.29% |
| Industrials | 75.00% (12) | +2.20% | 89.47% (19) | -5.90% |
| Energy | — | — | 80.00% (10) | -9.49% |
Win Rate by Year
| Year | ↑ Win% | ↑ Calls | ↓ Win% | ↓ Calls |
|---|---|---|---|---|
| 2025 | 75.0% | 12 | 72.7% | 11 |
| 2024 | 72.7% | 11 | 63.2% | 19 |
| 2023 | 76.5% | 17 | 82.4% | 17 |
| 2022 | 100.0% | 15 | 93.3% | 15 |
| 2021 | 87.5% | 16 | 66.7% | 12 |
| 2020 | 75.0% | 12 | 66.7% | 15 |
| 2019 | 80.0% | 10 | 73.3% | 15 |
| 2018 | 60.0% | 15 | 80.0% | 15 |
| 2017 | 75.0% | 12 | 85.7% | 14 |
| 2016 | 66.7% | 18 | 76.5% | 17 |
Recent Calls
| Date | Ticker | Company | Sector | Action | Grade Change | PT | Gap | D1 |
|---|---|---|---|---|---|---|---|---|
| Jan 26, 2026 | STBA | S&T Bancorp, Inc. | Financial Services | Upgrade | Neutral → Buy | — | +1.7% | +2.2% |
| Jan 13, 2026 | CBU | Community Bank System, Inc. | Financial Services | Downgrade | Buy → Neutral | — | -1.0% | -1.3% |
| Dec 22, 2025 | HTBK | Heritage Commerce Corp | Financial Services | Downgrade | Buy → Neutral | — | -0.4% | +0.9% |
| Nov 24, 2025 | ES | Eversource Energy | Utilities | Upgrade | Neutral → Buy | — | +1.5% | +1.8% |
| Nov 10, 2025 | AQN | Algonquin Power & Utilities Corp. | Utilities | Upgrade | Neutral → Buy | — | +0.5% | +1.3% |
| Nov 6, 2025 | GECC | Great Elm Capital Corp. | Financial Services | Maintains | Neutral → Neutral | — | -1.4% | -1.9% |
| Nov 6, 2025 | ECPG | Encore Capital Group, Inc. | Financial Services | Maintains | Buy → Buy | — | +16.6% | +10.5% |
| Nov 6, 2025 | LC | LendingClub Corporation | Financial Services | Maintains | Neutral → Neutral | — | +0.5% | -6.0% |
| Oct 27, 2025 | WTRG | Essential Utilities, Inc. | Utilities | Downgrade | Buy → Neutral | — | -0.4% | -1.4% |
| Oct 13, 2025 | CHMI | Cherry Hill Mortgage Investment Corporation | Real Estate | Downgrade | Buy → Neutral | — | +0.0% | -0.9% |
| Oct 13, 2025 | ES | Eversource Energy | Utilities | Downgrade | Buy → Neutral | — | -1.1% | -1.9% |
| Oct 10, 2025 | SAR | Saratoga Investment Corp. | Financial Services | Downgrade | Buy → Neutral | — | -1.1% | -2.1% |
| Jun 10, 2025 | EGBN | Eagle Bancorp, Inc. | Financial Services | Upgrade | Neutral → Buy | — | +2.0% | +6.1% |
| Jun 5, 2025 | GBCI | Glacier Bancorp, Inc. | Financial Services | Upgrade | Neutral → Buy | — | +0.7% | +0.7% |
| May 12, 2025 | MSEX | Middlesex Water Company | Utilities | Upgrade | Neutral → Buy | — | -0.9% | -1.4% |
| Apr 28, 2025 | ARR | ARMOUR Residential REIT, Inc. | Real Estate | Upgrade | Neutral → Buy | — | +1.2% | +2.7% |
| Apr 21, 2025 | BANR | Banner Corporation | Financial Services | Upgrade | Neutral → Buy | — | -0.0% | -1.3% |
| Apr 4, 2025 | MSEX | Middlesex Water Company | Utilities | Downgrade | Buy → Neutral | — | -1.4% | -4.2% |
| Mar 13, 2025 | LNZA | LanzaTech Global, Inc. | Industrials | Downgrade | Buy → Neutral | — | -3.1% | -15.1% |
| Mar 13, 2025 | SPWR | SunPower Inc. | Energy | Downgrade | Buy → Neutral | — | -3.8% | -7.1% |
| Mar 3, 2025 | COFS | ChoiceOne Financial Services, Inc. | Financial Services | Upgrade | Neutral → Buy | — | +0.5% | -0.1% |
| Feb 24, 2025 | THFF | First Financial Corporation | Financial Services | Upgrade | Neutral → Buy | — | +1.5% | +1.5% |
| Feb 7, 2025 | FBNC | First Bancorp | Financial Services | Downgrade | Buy → Neutral | — | -1.7% | -4.3% |
| Feb 4, 2025 | FCCO | First Community Corporation | Financial Services | Upgrade | Neutral → Buy | — | +3.5% | +3.9% |
| Feb 4, 2025 | BPRN | Princeton Bancorp, Inc. | Financial Services | Upgrade | Neutral → Buy | — | +0.6% | +2.9% |