Investors focused on the Finance space have likely heard of Citigroup (C), but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.
Citigroup is a member of our Finance group, which includes 854 different companies and currently sits at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. C is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for C's full-year earnings has moved 2.03% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, C has moved about 26.35% on a year-to-date basis. Meanwhile, the Finance sector has returned an average of 11.15% on a year-to-date basis. This shows that Citigroup is outperforming its peers so far this year.
Looking more specifically, C belongs to the Banks - Major Regional industry, a group that includes 16 individual stocks and currently sits at #62 in the Zacks Industry Rank. This group has gained an average of 12.59% so far this year, so C is performing better in this area.
Going forward, investors interested in Finance stocks should continue to pay close attention to C as it looks to continue its solid performance.
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