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Is Associated Banc-Corp (ASB) Outperforming Other Finance Stocks This Year?

The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Associated Banc-Corp (ASB) been one of those stocks this year? 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.

Associated Banc-Corp is one of 822 individual stocks in the Finance sector. Collectively, these companies sit at #13 in 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. ASB is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for ASB's full-year earnings has moved 4.50% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the most recent data, ASB has returned 6.30% so far this year. In comparison, Finance companies have returned an average of -1.52%. This means that Associated Banc-Corp is performing better than its sector in terms of year-to-date returns.

Breaking things down more, ASB is a member of the Banks - Midwest industry, which includes 30 individual companies and currently sits at #84 in the Zacks Industry Rank. This group has gained an average of 11.47% so far this year, so ASB is slightly underperforming its industry in this area.

ASB will likely be looking to continue its solid performance, so investors interested Finance stocks should continue to pay close attention to the company.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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