Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Is Interactive Brokers Group, Inc. (IBKR) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Interactive Brokers Group, Inc. is a member of our Finance group, which includes 865 different companies and currently sits at #2 in the Zacks Sector Rank. 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 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. Interactive Brokers Group, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for IBKR's full-year earnings has moved 5.2% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that IBKR has returned about 58.2% since the start of the calendar year. Meanwhile, the Finance sector has returned an average of 12.7% on a year-to-date basis. As we can see, Interactive Brokers Group, Inc. is performing better than its sector in the calendar year.
California BanCorp (BCAL) is another Finance stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 14.2%.
Over the past three months, California BanCorp's consensus EPS estimate for the current year has increased 3.2%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Interactive Brokers Group, Inc. belongs to the Financial - Investment Bank industry, a group that includes 21 individual stocks and currently sits at #25 in the Zacks Industry Rank. Stocks in this group have gained about 30.3% so far this year, so IBKR is performing better this group in terms of year-to-date returns.
On the other hand, California BanCorp belongs to the Banks - Southwest industry. This 19-stock industry is currently ranked #15. The industry has moved -0.7% year to date.
Investors interested in the Finance sector may want to keep a close eye on Interactive Brokers Group, Inc. and California BanCorp as they attempt to continue their solid performance.
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Interactive Brokers Group, Inc. (IBKR): Free Stock Analysis Report California BanCorp (BCAL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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