For those seeking to identify robust Finance stocks, a crucial step is to look for companies within the group that are outperforming their counterparts. Let's examine if CI Financial Corp. (CIXXF) has been one of those standout stocks this year. A quick assessment of the company's year-to-date performance in relation to the rest of the Finance sector will provide some answers.
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CI Financial Corp. - A Finance Sector Standout
CI Financial Corp. is an integral part of the Finance sector, which encompasses 871 individual stocks and holds a Zacks Sector Rank of #1. This ranking considers 16 different groups by measuring the average Zacks Rank of the individual stocks within the sector to determine its strength.CI Financial Corp. currently boasts a Zacks Rank of #2 (Buy). This renowned stock-picking model emphasizes earnings estimates and estimate revisions. It highlights several stocks that have the potential to outperform the broader market over the next one to three months.In the past quarter, the Zacks Consensus Estimate for CIXXF's full-year earnings has seen a 1.1% increase. This indicates that analyst sentiment has improved, and the company's earnings outlook is more favorable.According to our latest data, CIXXF has achieved a remarkable year-to-date return of about 95.5%. In contrast, the Finance sector as a whole has returned an average of 26.1% during the same period. This clearly shows that CI Financial Corp. is outperforming its peers significantly this year.
The Bank of New York Mellon Corporation - A Top Performer
Another Finance stock that has been outperforming the sector is The Bank of New York Mellon Corporation (BK). This stock has delivered a year-to-date return of 55.3%.The consensus estimate for The Bank of New York Mellon Corporation's current year EPS has increased by 3.8% over the past three months. Currently, the stock holds a Zacks Rank of #1 (Strong Buy).Breaking it down further, CI Financial Corp. belongs to the Financial – Miscellaneous Services industry, which includes 84 individual companies and currently ranks #55 in the Zacks Industry Rank. On average, this group has gained 22.2% year to date, highlighting that CIXXF is performing better in terms of year-to-date returns.On the other hand, The Bank of New York Mellon Corporation belongs to the Banks – Major Regional industry, which consists of 15 stocks and is currently ranked #18. This industry has seen a year-to-date increase of +32.2%.Both CI Financial Corp. and The Bank of New York Mellon Corporation have shown solid performance, and investors interested in Finance stocks should closely monitor these stocks.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.