We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Agri Bank China (ACGBY) Outperforming Other Finance Stocks This Year?
Read MoreHide Full Article
The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Agri Bank China (ACGBY - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Agri Bank China is a member of our Finance group, which includes 888 different companies and currently sits at #6 in 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 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. Agri Bank China is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ACGBY's full-year earnings has moved 3.1% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, ACGBY has returned 17% so far this year. At the same time, Finance stocks have gained an average of 5.5%. As we can see, Agri Bank China is performing better than its sector in the calendar year.
Another stock in the Finance sector, Hamilton Insurance (HG - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 38.9%.
The consensus estimate for Hamilton Insurance's current year EPS has increased 21.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Agri Bank China belongs to the Banks - Foreign industry, which includes 85 individual stocks and currently sits at #197 in the Zacks Industry Rank. This group has gained an average of 10.3% so far this year, so ACGBY is performing better in this area.
Hamilton Insurance, however, belongs to the Insurance - Multi line industry. Currently, this 49-stock industry is ranked #151. The industry has moved +8.3% so far this year.
Agri Bank China and Hamilton Insurance could continue their solid performance, so investors interested in Finance stocks should continue to pay close attention to these stocks.
View the Zacks #1 Rank List
Image: Bigstock
Is Agri Bank China (ACGBY) Outperforming Other Finance Stocks This Year?
The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Agri Bank China (ACGBY - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Agri Bank China is a member of our Finance group, which includes 888 different companies and currently sits at #6 in 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 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. Agri Bank China is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ACGBY's full-year earnings has moved 3.1% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, ACGBY has returned 17% so far this year. At the same time, Finance stocks have gained an average of 5.5%. As we can see, Agri Bank China is performing better than its sector in the calendar year.
Another stock in the Finance sector, Hamilton Insurance (HG - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 38.9%.
The consensus estimate for Hamilton Insurance's current year EPS has increased 21.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Agri Bank China belongs to the Banks - Foreign industry, which includes 85 individual stocks and currently sits at #197 in the Zacks Industry Rank. This group has gained an average of 10.3% so far this year, so ACGBY is performing better in this area.
Hamilton Insurance, however, belongs to the Insurance - Multi line industry. Currently, this 49-stock industry is ranked #151. The industry has moved +8.3% so far this year.
Agri Bank China and Hamilton Insurance could continue their solid performance, so investors interested in Finance stocks should continue to pay close attention to these stocks.