Has Citigroup (C) Outpaced Other Finance Stocks This Year?
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 one of 856 companies in the Finance group. The Finance group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. C is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for C's full-year earnings has moved 1.35% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, C has gained about 33.52% so far this year. In comparison, Finance companies have returned an average of 14.14%. This shows that Citigroup is outperforming its peers so far this year.
To break things down more, C belongs to the Banks - Major Regional industry, a group that includes 16 individual companies and currently sits at #100 in the Zacks Industry Rank. On average, this group has gained an average of 18.24% so far this year, meaning that C is performing better in terms of year-to-date returns.
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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