NEW YORK: According to a new survey, innovation and financial performance do not necessarily go hand in hand-at least not in the minds of financial journalists.
The survey of 151 financial journalists by GfK Roper Public Affairs and MS&L found that the reporters' perceptions of which financial services firms will have the best financial performance does not correlate to their perceptions of which firms are most innovative.
Goldman Sachs and Citibank/ Citicorp were the top two firms named by journalists in expected financial returns to shareholders. But they were ranked in the bottom of the top five named for those firms expected to create the next major innovation in the industry.
Fidelity Investments led the list of most innovative financial firms.