JMN Equity Research · Institutional

Your analyst missed
the earnings call
updating the model.

That does not happen with JMN.

15 years · Tier I delivery CFA® L2 & L3 Earnings overnight Through 2008 no exceptions Named not pooled

"We have been maintaining equity research models for Tier I banks since 2005. The analyst who builds your first model is the analyst updating it in year three. We do not rebuild. We do not rotate staff. We do not miss mornings. In fifteen years — including the week of October 2008 when eleven names reported simultaneously — we have not missed one."

See what we produce
15
Years Tier I equity
research support
CFA®
Level II & III
every account
14hrs
Earnings release
to client-ready note
Zero
Models rebuilt —
maintained not replaced
Earnings season

Every desk breaks
four times a year.
Not yours.

Thirty names in three weeks. Every model updating daily. Every client calling. Your senior analyst on four calls simultaneously. This is the week that breaks every offshore relationship — because the vendor cannot keep up. JMN was built for exactly this week. We have been doing it since 2005. We handle up to 20 names per analyst. The model is maintained, the note is drafted, the completion email is in your inbox before you open your laptop.

Your desk · New York 🇺🇸
4:15 PM
Company reportsAfter the close — the model needs updating
4:15–5:30
Analyst on the earnings callListening — not rebuilding the model at the same time
5:30 PM
Numbers sent to JMNActuals · guidance · your specific flags for this name
6:00 AM
Opens laptop. Reads.Updated model · earnings note · revised price target already there
7:00 AM
Approves. Sends to MD.His name. His recommendation. His call.
7:30 AM
Client call — preparedNot reading from a note he finished at 3am. Leading the call.

"He does not build the model the night before. He argues from it the morning after."

⇄
JMN · Chennai 🇮🇳
4:30 AM
Brief receivedModel update is always first. No exceptions.
4:30–8 AM
Model updatedActuals entered · all three statements reconciled · EPS, EBITDA, FCF recalculated · PT revised
8–11 AM
Earnings note draftedBeat/miss · guidance revision · thesis check · what changed and why
11 AM
Completion note sentDone listed · anything pending flagged · client confirms
11:30 AM
Signed offAfter client confirms. Not before.
Next quarter
Same model · same analystNo rebuild. No new person learning your template. Continuous.

Model first. Note second. Completion email before sign-off. Every time.

20
Names per analyst — maintained quarterly
14hrs
Earnings release to client-ready note
Zero
Missed mornings in 15 years of delivery
What we produce

Six outputs.
One analyst. Your name.

Every deliverable in your template. Your format. Your house style. Your name on every page. The analyst who produced it knows your coverage as well as your own team — because he has been maintaining it for years, not months.

01
Initiation
Coverage Initiation
Full report · your template
3-statement model, DCF, comps, thesis, risks, catalysts. Built from scratch to your house standard. The note your MD puts his name on without reading twice.
02
Earnings
Earnings Preview
Morning before release
Consensus check, beat/miss history, what the street is watching, the metric that will move the stock. On your desk the morning the company reports.
03
Earnings
Model Update + Review Note
Overnight · before 6:30 AM ET
Actuals entered, estimates revised, PT updated. Same model — maintained not rebuilt. Earnings note drafted alongside it. Both ready before the open.
04
Daily
Morning Equity Note
Before 6:30 AM ET · every day
Overnight developments, pre-market moves, what needs watching today. Your format. In your inbox before your first call. Every morning. Without exception.
05
Weekly
Sector & Thematic Update
Monday before US open
Sector rotation, peer valuation, macro overlay, the catalysts your MD will ask about this week. For Monday morning team briefs and IC presentations.
06
Ad Hoc
Ad Hoc & IC Support
Evening brief · returned by open
Deep dives, management meeting prep, deal analysis, IC deck support. Send it in the evening brief. It is done before you walk in.
The financial model

We maintain it.
We do not rebuild it.

The model is where every offshore relationship either holds or breaks. Built from scratch each quarter — links snap, history disappears, the new person does not know your formula conventions. JMN has one rule: the analyst who built your model maintains it. The same template. The same links. The same person. From the first quarter to the last.

What the model contains
Built once.
Maintained every quarter.
Three integrated statements — P&L, balance sheet, cash flow, fully linked. One change flows through everything.
DCF with sensitivity tables — WACC, terminal value, your assumption set. Updated every quarter alongside the actuals.
Trading comps maintained current — peer group refreshed each earnings cycle, multiples recalculated automatically.
Your exact Excel template — your sheet structure, your formula conventions, your Bloomberg pull methodology. Not ours.
Every assumption documented — every estimate traceable to a source. Every change logged. No black boxes.
What never changes
Same analyst.
Same links.
Every quarter.
The analyst who builds your first model is still on your account in year three. He knows which Bloomberg field breaks when the share count changes. He knows your revenue bridge by memory.
We have maintained models through CFO changes, revenue restatements, and M&A transactions. The links held through all of it.
Zero rebuilds. We extend what exists. Your 20 quarters of clean actuals stay intact. Your formula history does not disappear.
If a link breaks — corrected within 2 hours, root-cause note included, at no charge. That is in writing in every contract.
2008
Proof · through the crisis
"In the week of October 2008, eleven of our client's coverage names reported simultaneously. Models were breaking across the industry. We sent the morning note every single day. Not one was late. Not one had a wrong number. The clients from that week are still with us today."
JMN Investments Research · Continuous delivery since 2005
Error in any deliverable? Corrected and resubmitted within 2 hours. Root-cause note included. At no charge.
Written into every contract
Sector coverage

Where we have
real depth.

Fifteen years of Tier I desk support builds sector depth that cannot be claimed by a team that has been doing this for three years. Our analysts know the metrics that matter in each sector — not from a textbook, from building hundreds of models in each one. We name where our depth is real and where it requires a scoping conversation.

💻
Primary depth · 15 years
Technology
We know when Rule of 40 matters and when it does not. We have built SaaS models through three interest rate cycles.
Software · SaaS · cloud infrastructure
Semiconductors · hardware · components
Internet · platforms · digital media
ARR · NRR · CAC/LTV · Rule of 40
🏦
Primary depth · 15 years
Financials
NIM compression, ROTCE, efficiency ratio — we have maintained bank models through three Fed cycles and two credit crises.
Banks · regional & large cap
Insurance · asset managers
Fintech · payments
NIM · efficiency ratio · ROTCE · CET1
🏥
Primary depth · 15 years
Healthcare
Pipeline analysis, FDA catalyst modelling, probability-weighted NPV. We have covered biotech through approvals and failures.
Large cap pharma · biotech
Medical devices · diagnostics
Managed care · services
Pipeline · FDA catalyst · NPV frameworks
⚡
Primary depth · 15 years
Energy
NAV, reserve-based valuation, DCF at varying commodity assumptions. We have maintained energy models through $20 oil and $120 oil.
Integrated majors · E&P
Midstream · refining · chemicals
Renewables · clean energy transition
NAV · reserve-based · commodity sensitivity
🛍️
Primary depth · 15 years
Consumer
Same-store sales, gross margin bridge, inventory dynamics. We have covered consumer through two recessions and a pandemic.
Staples · food & beverage · HPC
Discretionary · apparel · retail
E-commerce · direct-to-consumer
SSS · gross margin · inventory turn
⚙️
Coverage standard
Industrials & Others
We cover these sectors to initiation and maintenance standard. For primary analytical depth, we have an honest conversation about scoping first.
Industrials · aerospace · defence
Materials · chemicals · mining
Real estate · REITs · utilities
Primary depth requires a scoping conversation. We do not overclaim.
Request a sample

See the model
before the conversation.

A redacted earnings model and initiation report — produced to the same standard we deliver to Tier I desks. Mutual NDA signed before anything is shared.

Email us directly
JMN's team was an integral part of our equity desk for six years. The model never broke — not through two CFO changes, one M&A transaction, or the 2008 crisis. The same analyst maintained the same model from the first quarter to the last. Our clients never knew the work was not done onshore. That is the only standard that matters.
Head of Equity Research · Tier I US Investment Bank · 6-year engagement