For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Amalgamated Financial (AMAL - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Amalgamated Financial is one of 892 companies in the Finance group. The Finance group currently sits at #6 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Amalgamated Financial is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for AMAL's full-year earnings has moved 25.4% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that AMAL has returned about 27.6% since the start of the calendar year. Meanwhile, the Finance sector has returned an average of -9.1% on a year-to-date basis. As we can see, Amalgamated Financial is performing better than its sector in the calendar year.
One other Finance stock that has outperformed the sector so far this year is Equity Commonwealth (EQC - Free Report) . The stock is up 8% year-to-date.
In Equity Commonwealth's case, the consensus EPS estimate for the current year increased 166.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Amalgamated Financial belongs to the Financial - SBIC & Commercial Industry industry, a group that includes 36 individual stocks and currently sits at #99 in the Zacks Industry Rank. On average, this group has lost an average of 4.8% so far this year, meaning that AMAL is performing better in terms of year-to-date returns.
Equity Commonwealth, however, belongs to the REIT and Equity Trust - Other industry. Currently, this 108-stock industry is ranked #162. The industry has moved -12.2% so far this year.
Investors interested in the Finance sector may want to keep a close eye on Amalgamated Financial and Equity Commonwealth as they attempt to continue their solid performance.
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For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Amalgamated Financial (AMAL - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Amalgamated Financial is one of 892 companies in the Finance group. The Finance group currently sits at #6 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Amalgamated Financial is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for AMAL's full-year earnings has moved 25.4% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that AMAL has returned about 27.6% since the start of the calendar year. Meanwhile, the Finance sector has returned an average of -9.1% on a year-to-date basis. As we can see, Amalgamated Financial is performing better than its sector in the calendar year.
One other Finance stock that has outperformed the sector so far this year is Equity Commonwealth (EQC - Free Report) . The stock is up 8% year-to-date.
In Equity Commonwealth's case, the consensus EPS estimate for the current year increased 166.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Amalgamated Financial belongs to the Financial - SBIC & Commercial Industry industry, a group that includes 36 individual stocks and currently sits at #99 in the Zacks Industry Rank. On average, this group has lost an average of 4.8% so far this year, meaning that AMAL is performing better in terms of year-to-date returns.
Equity Commonwealth, however, belongs to the REIT and Equity Trust - Other industry. Currently, this 108-stock industry is ranked #162. The industry has moved -12.2% so far this year.
Investors interested in the Finance sector may want to keep a close eye on Amalgamated Financial and Equity Commonwealth as they attempt to continue their solid performance.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks<<
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