The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Citigroup (C) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Citigroup is a member of our Finance group, which includes 866 different companies and currently sits at #1 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. Citigroup is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for C's full-year earnings has moved 4% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, C has gained about 41.3% so far this year. Meanwhile, stocks in the Finance group have gained about 13.4% on average. As we can see, Citigroup is performing better than its sector in the calendar year.
Another Finance stock, which has outperformed the sector so far this year, is Acadian Asset Management (AAMI). The stock has returned 84.4% year-to-date.
In Acadian Asset Management's case, the consensus EPS estimate for the current year increased 30.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Citigroup belongs to the Financial - Investment Bank industry, a group that includes 21 individual companies and currently sits at #11 in the Zacks Industry Rank. This group has gained an average of 26.9% so far this year, so C is performing better in this area.
In contrast, Acadian Asset Management falls under the Financial - Miscellaneous Services industry. Currently, this industry has 93 stocks and is ranked #54. Since the beginning of the year, the industry has moved +5.2%.
Investors interested in the Finance sector may want to keep a close eye on Citigroup and Acadian Asset Management as they attempt to continue their solid performance.
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Citigroup Inc. (C): Free Stock Analysis Report Acadian Asset Management Inc. (AAMI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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