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How analyst job cuts on Wall Street are reshaping equity research

Forces like regulation, passive investing and AI have all conspired to squeeze equity research in ways few could have imagined. Countless “sell-side” analysts have had to reinvent themselves as a result.

“There was also a flight to cheap driven by much larger global providers, which sort of knocked smaller companies out of the water,” he said. “It’s just economics 101.”

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capital markets, equity research