Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Has Northern Trust Corporation (NTRS) been one of those stocks this year? 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.
Northern Trust Corporation is one of 831 individual stocks in the Finance sector. Collectively, these companies sit at #6 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. Northern Trust Corporation is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for NTRS' full-year earnings has moved 6.4% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, NTRS has returned 25% so far this year. At the same time, Finance stocks have gained an average of 1.9%. This shows that Northern Trust Corporation is outperforming its peers so far this year.
Another Finance stock, which has outperformed the sector so far this year, is BB Seguridade Participacoes SA (BBSEY). The stock has returned 11.2% year-to-date.
For BB Seguridade Participacoes SA, the consensus EPS estimate for the current year has increased 6.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Northern Trust Corporation belongs to the Banks - Major Regional industry, a group that includes 9 individual stocks and currently sits at #50 in the Zacks Industry Rank. On average, stocks in this group have gained 13.1% this year, meaning that NTRS is performing better in terms of year-to-date returns.
On the other hand, BB Seguridade Participacoes SA belongs to the Financial - Miscellaneous Services industry. This 107-stock industry is currently ranked #143. The industry has moved -9.4% year to date.
Investors with an interest in Finance stocks should continue to track Northern Trust Corporation and BB Seguridade Participacoes SA. These stocks will be looking to continue their solid performance.
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This article originally published on Zacks Investment Research (zacks.com).