Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Is Citigroup (C) one of those stocks right now? 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.
Citigroup is one of 854 companies in the Finance group. The Finance group currently sits at #8 within 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. C is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for C's full-year earnings has moved 2% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, C has returned 30.56% so far this year. Meanwhile, the Finance sector has returned an average of 11.61% on a year-to-date basis. This shows that Citigroup is outperforming its peers so far this year.
Breaking things down more, C is a member of the Banks - Major Regional industry, which includes 16 individual companies and currently sits at #166 in the Zacks Industry Rank. Stocks in this group have gained about 13.33% so far this year, so C is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Finance stocks should continue to pay close attention to C as it looks to continue its solid performance.
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