We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is AllianceBernstein (AB) Stock Outpacing Its Finance Peers This Year?
Read MoreHide Full Article
For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is AllianceBernstein (AB - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
AllianceBernstein is one of 871 companies in the Finance group. The Finance group currently sits at #5 within 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. AllianceBernstein is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for AB's full-year earnings has moved 3.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, AB has gained about 21.6% so far this year. Meanwhile, the Finance sector has returned an average of 21.3% on a year-to-date basis. This means that AllianceBernstein is performing better than its sector in terms of year-to-date returns.
Another Finance stock, which has outperformed the sector so far this year, is Banco Comercial Portugues S.A. Unsponsored ADR (BPCGY - Free Report) . The stock has returned 25.9% year-to-date.
The consensus estimate for Banco Comercial Portugues S.A. Unsponsored ADR's current year EPS has increased 13.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, AllianceBernstein belongs to the Financial - Investment Management industry, a group that includes 37 individual companies and currently sits at #44 in the Zacks Industry Rank. This group has gained an average of 31.3% so far this year, so AB is slightly underperforming its industry in this area.
Banco Comercial Portugues S.A. Unsponsored ADR, however, belongs to the Banks - Foreign industry. Currently, this 65-stock industry is ranked #31. The industry has moved +11.7% so far this year.
AllianceBernstein and Banco Comercial Portugues S.A. Unsponsored ADR could continue their solid performance, so investors interested in Finance stocks should continue to pay close attention to these stocks.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is AllianceBernstein (AB) Stock Outpacing Its Finance Peers This Year?
For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is AllianceBernstein (AB - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
AllianceBernstein is one of 871 companies in the Finance group. The Finance group currently sits at #5 within 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. AllianceBernstein is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for AB's full-year earnings has moved 3.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, AB has gained about 21.6% so far this year. Meanwhile, the Finance sector has returned an average of 21.3% on a year-to-date basis. This means that AllianceBernstein is performing better than its sector in terms of year-to-date returns.
Another Finance stock, which has outperformed the sector so far this year, is Banco Comercial Portugues S.A. Unsponsored ADR (BPCGY - Free Report) . The stock has returned 25.9% year-to-date.
The consensus estimate for Banco Comercial Portugues S.A. Unsponsored ADR's current year EPS has increased 13.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, AllianceBernstein belongs to the Financial - Investment Management industry, a group that includes 37 individual companies and currently sits at #44 in the Zacks Industry Rank. This group has gained an average of 31.3% so far this year, so AB is slightly underperforming its industry in this area.
Banco Comercial Portugues S.A. Unsponsored ADR, however, belongs to the Banks - Foreign industry. Currently, this 65-stock industry is ranked #31. The industry has moved +11.7% so far this year.
AllianceBernstein and Banco Comercial Portugues S.A. Unsponsored ADR could continue their solid performance, so investors interested in Finance stocks should continue to pay close attention to these stocks.