For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Banco Bilbao (BBVA) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Banco Bilbao is a member of the Finance sector. This group includes 866 individual stocks and currently holds a Zacks Sector Rank of #1. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. Banco Bilbao is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for BBVA's full-year earnings has moved 4.1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that BBVA has returned about 97.3% since the start of the calendar year. Meanwhile, the Finance sector has returned an average of 13.6% on a year-to-date basis. This means that Banco Bilbao is performing better than its sector in terms of year-to-date returns.
Chain Bridge Bancorp, Inc. (CBNA) is another Finance stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 27.7%.
In Chain Bridge Bancorp, Inc.'s case, the consensus EPS estimate for the current year increased 26.7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Banco Bilbao belongs to the Banks - Foreign industry, a group that includes 67 individual stocks and currently sits at #74 in the Zacks Industry Rank. On average, stocks in this group have gained 39.1% this year, meaning that BBVA is performing better in terms of year-to-date returns.
Chain Bridge Bancorp, Inc., however, belongs to the Banks - Northeast industry. Currently, this 76-stock industry is ranked #38. The industry has moved +5.3% so far this year.
Investors interested in the Finance sector may want to keep a close eye on Banco Bilbao and Chain Bridge Bancorp, Inc. as they attempt to continue their solid performance.
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Banco Bilbao Viscaya Argentaria S.A. (BBVA): Free Stock Analysis Report Chain Bridge Bancorp, Inc. (CBNA): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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