Are Finance Stocks Lagging Credicorp (BAP) This Year?

Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Credicorp (BAP) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.

Credicorp is a member of our Finance group, which includes 868 different companies and currently sits at #6 in 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 proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Credicorp is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for BAP's full-year earnings has moved 4.4% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the most recent data, BAP has returned 42.5% so far this year. In comparison, Finance companies have returned an average of 13.3%. This means that Credicorp is outperforming the sector as a whole this year.

Another Finance stock, which has outperformed the sector so far this year, is Cushman & Wakefield (CWK). The stock has returned 13.7% year-to-date.

For Cushman & Wakefield, the consensus EPS estimate for the current year has increased 5.8% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

To break things down more, Credicorp belongs to the Banks - Foreign industry, a group that includes 67 individual companies and currently sits at #86 in the Zacks Industry Rank. This group has gained an average of 36.1% so far this year, so BAP is performing better in this area.

Cushman & Wakefield, however, belongs to the Real Estate - Operations industry. Currently, this 29-stock industry is ranked #82. The industry has moved +12.7% so far this year.

Investors with an interest in Finance stocks should continue to track Credicorp and Cushman & Wakefield. These stocks will be looking to continue their solid performance.

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This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research