American Bankers Association CTFA Exam - Topic 2 Question 100 Discussion

Actual exam question for American Bankers Association's CTFA exam

Question #: 100
Topic #: 2

[All CTFA Questions]

In bottom-up approach of fundamental analysis, investors begin their analysis with:

AIndustry

BEconomy

CMarket

DCompany

Show Suggested Answer

Suggested Answer: D

by Phillip at Mar 02, 2026, 09:20 PM

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Geraldine

15 days ago

Yeah, company makes the most sense.

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Lai

20 days ago

I thought it was the industry first?

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Aron

26 days ago

Definitely starts with the company!

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Deonna

1 month ago

Yeah, company makes the most sense!

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Cordelia

1 month ago

Really? I always thought it was the economy.

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Katy

1 month ago

No way, it's all about the company!

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Ronald

2 months ago

I thought it was the industry first?

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Levi

2 months ago

Definitely starts with the company!

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Ernest

2 months ago

I’m a bit confused. I thought the bottom-up approach was more about the economy first, but that might be the top-down method? Maybe I should stick with D) Company.

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Cammy

2 months ago

I feel like we discussed this in class, and it was definitely about analyzing the company before anything else. So, D) Company seems correct.

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Corinne

2 months ago

I'm not entirely sure, but I remember something about looking at the industry first in some practice questions. Could it be A)?

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Glynda

2 months ago

I think the bottom-up approach starts with the company itself, right? So I would go with D) Company.

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