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Is Credicorp (BAP) Stock Outpacing Its Finance Peers This Year?
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The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Credicorp (BAP - Free Report) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.
Credicorp is one of 878 companies in the Finance group. The Finance group currently sits at #4 within 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 proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Credicorp is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BAP's full-year earnings has moved 1.5% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that BAP has returned about 37.9% since the start of the calendar year. At the same time, Finance stocks have gained an average of 7.6%. This means that Credicorp is performing better than its sector in terms of year-to-date returns.
One other Finance stock that has outperformed the sector so far this year is Bank First Corporation (BFC - Free Report) . The stock is up 27.5% year-to-date.
The consensus estimate for Bank First Corporation's current year EPS has increased 4.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Credicorp belongs to the Banks - Foreign industry, a group that includes 85 individual stocks and currently sits at #93 in the Zacks Industry Rank. This group has gained an average of 19.1% so far this year, so BAP is performing better in this area.
On the other hand, Bank First Corporation belongs to the Banks - Northeast industry. This 67-stock industry is currently ranked #41. The industry has moved +25.7% year to date.
Going forward, investors interested in Finance stocks should continue to pay close attention to Credicorp and Bank First Corporation as they could maintain their solid performance.
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Is Credicorp (BAP) Stock Outpacing Its Finance Peers This Year?
The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Credicorp (BAP - Free Report) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.
Credicorp is one of 878 companies in the Finance group. The Finance group currently sits at #4 within 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 proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Credicorp is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BAP's full-year earnings has moved 1.5% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that BAP has returned about 37.9% since the start of the calendar year. At the same time, Finance stocks have gained an average of 7.6%. This means that Credicorp is performing better than its sector in terms of year-to-date returns.
One other Finance stock that has outperformed the sector so far this year is Bank First Corporation (BFC - Free Report) . The stock is up 27.5% year-to-date.
The consensus estimate for Bank First Corporation's current year EPS has increased 4.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Credicorp belongs to the Banks - Foreign industry, a group that includes 85 individual stocks and currently sits at #93 in the Zacks Industry Rank. This group has gained an average of 19.1% so far this year, so BAP is performing better in this area.
On the other hand, Bank First Corporation belongs to the Banks - Northeast industry. This 67-stock industry is currently ranked #41. The industry has moved +25.7% year to date.
Going forward, investors interested in Finance stocks should continue to pay close attention to Credicorp and Bank First Corporation as they could maintain their solid performance.