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Is American Express (AXP) Stock Outpacing Its Finance Peers This Year?

Investors focused on the Finance space have likely heard of American Express (AXP), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of AXP and the rest of the Finance group's stocks.

American Express is one of 865 individual stocks in the Finance sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

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. AXP is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for AXP's full-year earnings has moved 1.57% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the most recent data, AXP has returned 6.13% so far this year. Meanwhile, stocks in the Finance group have lost about 10.30% on average. As we can see, American Express is performing better than its sector in the calendar year.

Looking more specifically, AXP belongs to the Financial - Miscellaneous Services industry, a group that includes 30 individual stocks and currently sits at #155 in the Zacks Industry Rank. On average, stocks in this group have lost 18.15% this year, meaning that AXP is performing better in terms of year-to-date returns.

Investors with an interest in Finance stocks should continue to track AXP. The stock will be looking to continue its solid performance.

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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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