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Is The Goldman Sachs Group (GS) 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. Goldman Sachs (GS - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
Goldman Sachs is one of 877 individual stocks in the Finance sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Goldman Sachs is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for GS' full-year earnings has moved 16.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, GS has gained about 17.5% so far this year. Meanwhile, the Finance sector has returned an average of 8.3% on a year-to-date basis. As we can see, Goldman Sachs is performing better than its sector in the calendar year.
One other Finance stock that has outperformed the sector so far this year is Ategrity Specialty Insurance Company Holdings (ASIC - Free Report) . The stock is up 20.8% year-to-date.
The consensus estimate for Ategrity Specialty Insurance Company Holdings' current year EPS has increased 19.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Goldman Sachs belongs to the Financial - Investment Bank industry, which includes 22 individual stocks and currently sits at #36 in the Zacks Industry Rank. On average, this group has gained an average of 11% so far this year, meaning that GS is performing better in terms of year-to-date returns.
On the other hand, Ategrity Specialty Insurance Company Holdings belongs to the Insurance - Multi line industry. This 46-stock industry is currently ranked #151. The industry has moved +7.1% year to date.
Investors interested in the Finance sector may want to keep a close eye on Goldman Sachs and Ategrity Specialty Insurance Company Holdings as they attempt to continue their solid performance.
View the Zacks #1 Rank List
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Is The Goldman Sachs Group (GS) Outperforming Other Finance Stocks This Year?
Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Goldman Sachs (GS - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
Goldman Sachs is one of 877 individual stocks in the Finance sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Goldman Sachs is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for GS' full-year earnings has moved 16.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, GS has gained about 17.5% so far this year. Meanwhile, the Finance sector has returned an average of 8.3% on a year-to-date basis. As we can see, Goldman Sachs is performing better than its sector in the calendar year.
One other Finance stock that has outperformed the sector so far this year is Ategrity Specialty Insurance Company Holdings (ASIC - Free Report) . The stock is up 20.8% year-to-date.
The consensus estimate for Ategrity Specialty Insurance Company Holdings' current year EPS has increased 19.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Goldman Sachs belongs to the Financial - Investment Bank industry, which includes 22 individual stocks and currently sits at #36 in the Zacks Industry Rank. On average, this group has gained an average of 11% so far this year, meaning that GS is performing better in terms of year-to-date returns.
On the other hand, Ategrity Specialty Insurance Company Holdings belongs to the Insurance - Multi line industry. This 46-stock industry is currently ranked #151. The industry has moved +7.1% year to date.
Investors interested in the Finance sector may want to keep a close eye on Goldman Sachs and Ategrity Specialty Insurance Company Holdings as they attempt to continue their solid performance.