The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has U.S. Bancorp (USB) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
U.S. Bancorp is a member of the Finance sector. This group includes 867 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. USB is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for USB's full-year earnings has moved 0.72% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, USB has gained about 0.78% so far this year. Meanwhile, the Finance sector has returned an average of -5.81% on a year-to-date basis. This means that U.S. Bancorp is outperforming the sector as a whole this year.
Breaking things down more, USB is a member of the Banks - Major Regional industry, which includes 16 individual companies and currently sits at #109 in the Zacks Industry Rank. On average, stocks in this group have lost 5.54% this year, meaning that USB is performing better in terms of year-to-date returns.
Going forward, investors interested in Finance stocks should continue to pay close attention to USB as it looks to continue its solid performance.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report