I've used Schwab and Waterhouse and they've provided S&P reports for free for years. I've never used Fidelity before, but they should have offered it for free as well. I would be shocked if they JUST offered it for free. Schwab offers their own research as well as research from S&P, Argus, & Goldman Sachs on their website. I agree with you on your assessment on the S&P analysis, though I don't pay a lot of credence on their star rating recommendations. Their analysis is free from conflict as is Argus, & Schwab. Though Goldman has the conflict, it's still helpful to read what their analysts are saying about a stock."I understand in a recent settlement on the analysts scandals, brokers agreed to make stock research reports from three independent firms available to their customers. Possibly that is what is happening. S&P Reports are now free. Check with your broker."Your statement is correct but your connection MAY BE wrong.The first reason is b/c what I mentioned above. My understanding of the recent settlement will mandate brokerage firms to provide research from other firms. For example Merrill will have to provide research from Smith Barney, or Schwab or Paine Webber or S&P (you get the picture).Hope this helps,
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