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Is Northern Trust (NTRS) 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 Northern Trust Corporation (NTRS - Free Report) 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.
Northern Trust Corporation is one of 880 companies in the Finance group. The Finance group currently sits at #5 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 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. Northern Trust Corporation is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for NTRS' full-year earnings has moved 9.9% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that NTRS has returned about 39.9% since the start of the calendar year. At the same time, Finance stocks have gained an average of 7.1%. This shows that Northern Trust Corporation is outperforming its peers so far this year.
Another Finance stock, which has outperformed the sector so far this year, is Acadian Asset Management (AAMI - Free Report) . The stock has returned 76.8% year-to-date.
For Acadian Asset Management, the consensus EPS estimate for the current year has increased 1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Northern Trust Corporation belongs to the Banks - Major Regional industry, a group that includes 9 individual stocks and currently sits at #25 in the Zacks Industry Rank. Stocks in this group have gained about 24% so far this year, so NTRS is performing better this group in terms of year-to-date returns.
In contrast, Acadian Asset Management falls under the Financial - Miscellaneous Services industry. Currently, this industry has 115 stocks and is ranked #161. Since the beginning of the year, the industry has moved -8.6%.
Northern Trust Corporation and Acadian Asset Management could continue their solid performance, so investors interested in Finance stocks should continue to pay close attention to these stocks.
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Is Northern Trust (NTRS) Stock Outpacing Its Finance Peers This Year?
Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Has Northern Trust Corporation (NTRS - Free Report) 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.
Northern Trust Corporation is one of 880 companies in the Finance group. The Finance group currently sits at #5 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 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. Northern Trust Corporation is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for NTRS' full-year earnings has moved 9.9% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that NTRS has returned about 39.9% since the start of the calendar year. At the same time, Finance stocks have gained an average of 7.1%. This shows that Northern Trust Corporation is outperforming its peers so far this year.
Another Finance stock, which has outperformed the sector so far this year, is Acadian Asset Management (AAMI - Free Report) . The stock has returned 76.8% year-to-date.
For Acadian Asset Management, the consensus EPS estimate for the current year has increased 1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Northern Trust Corporation belongs to the Banks - Major Regional industry, a group that includes 9 individual stocks and currently sits at #25 in the Zacks Industry Rank. Stocks in this group have gained about 24% so far this year, so NTRS is performing better this group in terms of year-to-date returns.
In contrast, Acadian Asset Management falls under the Financial - Miscellaneous Services industry. Currently, this industry has 115 stocks and is ranked #161. Since the beginning of the year, the industry has moved -8.6%.
Northern Trust Corporation and Acadian Asset Management could continue their solid performance, so investors interested in Finance stocks should continue to pay close attention to these stocks.