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Is Credicorp (BAP) Outperforming Other Finance Stocks This Year?

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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 Credicorp (BAP - Free Report) one of those stocks right now? 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 827 companies in the Finance group. The Finance group currently sits at #9 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. BAP is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for BAP's full-year earnings has moved 0.77% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the latest available data, BAP has gained about 8.21% so far this year. In comparison, Finance companies have returned an average of -4.20%. This means that Credicorp is outperforming the sector as a whole this year.

Looking more specifically, BAP belongs to the Banks - Foreign industry, which includes 70 individual stocks and currently sits at #243 in the Zacks Industry Rank. On average, stocks in this group have lost 12.56% this year, meaning that BAP is performing better in terms of year-to-date returns.

BAP will likely be looking to continue its solid performance, so investors interested Finance stocks should continue to pay close attention to the company.


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