Boenning & Scattergood’s Matt Schultheis Named a Top Bank Analyst in The Wall Street Journal's “Best on the Street Analysts Survey”

WEST CONSHOHOCKEN, Pa.--(BUSINESS WIRE)--Boenning & Scattergood, Inc., an independent securities, asset management and investment banking firm headquartered just outside of Philadelphia, announced today that Senior Financial Services Analyst Matt Schultheis, CFA, has been ranked as the number two bank analyst for 2010 by The Wall Street Journal's annual “Best on the Street Analysts Survey.”

“We are pleased and gratified to see Matt recognized for all of his hard work”

The survey recognized the top five analysts in 44 industry sectors, based on their stock-picking skills during 2010. Analysts’ skill in picking stocks was measured using recommendation-performance scores calculated by FactSet Research Systems on the basis of the estimated total return, including price changes and dividends, of each eligible stock an analyst covered in an industry.

“We are pleased and gratified to see Matt recognized for all of his hard work,” commented Bill Sutherland, Director of Research at Boenning & Scattergood. “His coverage of financial services companies and community bank stocks in particular, has been an essential element of the firm’s growth and focus in the banking sector.”

About Boenning & Scattergood

Established in 1914, Boenning & Scattergood, Inc. is one of the oldest independent securities, asset management and investment banking firms in the region. Professionals at the firm provide individual investors, corporate and municipal clients and institutions a full complement of financial services including retail brokerage, equity research, equity and fixed income sales and trading, investment banking, public finance, derivative strategy and asset management. Investment advisory services are provided by 1914 Advisors, a division of Boenning & Scattergood, Inc. For more information, please visit www.boenninginc.com. Member FINRA / SIPC.