Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Has JPMorgan Chase & Co. (JPM) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
JPMorgan Chase & Co. is one of 880 individual stocks in the Finance sector. Collectively, these companies sit at #5 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. JPMorgan Chase & Co. is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for JPM's full-year earnings has moved 2.5% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that JPM has returned about 6.4% since the start of the calendar year. Meanwhile, stocks in the Finance group have gained about 6.4% on average.
Another stock in the Finance sector, BancFirst (BANF), has outperformed the sector so far this year. The stock's year-to-date return is 8.5%.
For BancFirst, the consensus EPS estimate for the current year has increased 3.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, JPMorgan Chase & Co. belongs to the Financial - Investment Bank industry, a group that includes 22 individual companies and currently sits at #53 in the Zacks Industry Rank. On average, stocks in this group have gained 11.2% this year, meaning that JPM is slightly underperforming its industry in terms of year-to-date returns.
BancFirst, however, belongs to the Banks - Southwest industry. Currently, this 20-stock industry is ranked #45. The industry has moved +12% so far this year.
Investors with an interest in Finance stocks should continue to track JPMorgan Chase & Co. and BancFirst. These stocks will be looking to continue their solid performance.
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JPMorgan Chase & Co. (JPM): Free Stock Analysis Report
BancFirst Corporation (BANF): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).