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  • A lot has changed since the last time Merrill Lynch topped this sector, in 2006.
  • Carlos de Alba, described by one supporter as a “hard­working guy who writes a lot about new issues,” guides Morgan Stanley’s three-­member team from runner-up all the way to second place.
  • J.P. Morgan’s three-analyst team captained by Rodolfo De Angele rises one rung to third place.
  • BofA vaults from third place to unseat eight-time champion UBS (now a runner-­up) and capture first place for the first time.