Infographic: What Makes a Wall Street Analyst Tick?

Financial analysts often walk a “very fine line” in balancing their responsibilities to serve their clients, maintain relationships with corporate managers, and follow the law, says McCombs Accounting Professor Michael Clement.

In a recent study, Clement and his coauthors — Lawrence Brown of Temple University, Andrew Call of Arizona State University, and Nathan Sharp of Texas A&M University — surveyed 365 analysts about what goes through their heads when they prepare earnings forecasts and stock recommendations. This infographic designed by Chris Philpot highlights some of their key findings. (Click to enlarge to full size.)

Infographic: Wall Street Analysts