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Is E*TRADE Financial (ETFC) Outperforming Other Finance Stocks 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 a member of our Finance group, which includes 829 different companies and currently sits at #8 in the Zacks Sector Rank. 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. ETFC is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for ETFC's full-year earnings has moved 11.61% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the latest available data, ETFC has gained about 31.95% so far this year. Meanwhile, the Finance sector has returned an average of -0.72% on a year-to-date basis. 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, which includes 22 individual stocks and currently sits at #24 in the Zacks Industry Rank. On average, stocks in this group have gained 4.70% this year, meaning that ETFC is performing better in terms of year-to-date returns.

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