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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? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.

E*TRADE Financial is a member of our Finance group, which includes 867 different companies and currently sits at #10 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

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 #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for ETFC's full-year earnings has moved 4.96% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the most recent data, ETFC has returned 8.67% so far this year. Meanwhile, stocks in the Finance group have lost about 3.34% on average. As we can see, E*TRADE Financial is performing better than its sector in the calendar year.

To break things down more, ETFC belongs to the Financial - Investment Bank industry, a group that includes 23 individual companies and currently sits at #109 in the Zacks Industry Rank. Stocks in this group have lost about 6.96% so far this year, so ETFC is performing better this group in terms of year-to-date returns.

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

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