No requirement but every analyst at a major bank makes sure to get on there. It's important to stay top of mind for clients and company management. It's also a good platform to ask a smart question because it'll be read thousands of times by a relevant audience.

 
cob5:

No requirement but every analyst at a major bank makes sure to get on there. It's important to stay top of mind for clients and company management. It's also a good platform to ask a smart question because it'll be read thousands of times by a relevant audience.

It's also a place where many analyst have embarrassed themselves and others have thought: "what the fuck is that chick from CS on about?" or "you know they're not going to answer that, green as fuck"
"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 

Varies a lot from analyst to analyst. Some will ask "model" questions, i.e. literally things they need to know for forecasting like "is this a good expense run-rate," etc. Others will just try to look smart in front of management and just ask more high-level macro type questions about company strategy. Some analysts just ask some crazy stuff. But definitely analysts want to ask a question and be visible to management and whoever may read the transcript.

 

No requirements at all. You'll typically see analysts with formal coverage asking most of the questions, though. If you ask something, make it a legit question and not an inquiry that makes us face-palm. Don't ask something you should know ("What's your depreciation for 1Q again?), absurdly picky ( "I see your DSO rose 0.023 days bps y/y. Why?) or something management will never answer ("What are the odds you'll sell out to Company X by 3Q?). You don't want to look like a fool and have it recorded!

"The stock market is filled with individuals who know the price of everything, but the value of nothing." - Phillip Fisher
 
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