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Is E*TRADE Financial (ETFC) Stock Outpacing Its Finance Peers This Year?

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Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Has E*TRADE Financial been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

E*TRADE Financial is one of 830 individual stocks in the Finance sector. Collectively, these companies sit at #9 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. ETFC is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for ETFC's full-year earnings has moved 11.65% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

According to our latest data, ETFC has moved about 30.64% on a year-to-date basis. Meanwhile, stocks in the Finance group have lost about 1.29% on average. This shows that E*TRADE Financial is outperforming its peers so far this year.

Looking more specifically, ETFC belongs to the Financial - Investment Bank industry, a group that includes 22 individual stocks and currently sits at #32 in the Zacks Industry Rank. On average, this group has gained an average of 6.42% so far this year, meaning that ETFC is performing better in terms of year-to-date returns.

Investors in the Finance sector will want to keep a close eye on ETFC as it attempts to continue its solid performance.