For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX - Free Report) one of those stocks right now? 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.
Grupo Financiero Santander Mexico S.A. B. de C.V. is one of 826 individual stocks in the Finance sector. Collectively, these companies sit at #10 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. BSMX is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BSMX's full-year earnings has moved 0.47% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that BSMX has returned about 6.70% since the start of the calendar year. Meanwhile, the Finance sector has returned an average of -3.11% on a year-to-date basis. As we can see, Grupo Financiero Santander Mexico S.A. B. de C.V. is performing better than its sector in the calendar year.
Breaking things down more, BSMX is a member of the Banks - Foreign industry, which includes 70 individual companies and currently sits at #242 in the Zacks Industry Rank. On average, stocks in this group have lost 10.91% this year, meaning that BSMX is performing better in terms of year-to-date returns.
Going forward, investors interested in Finance stocks should continue to pay close attention to BSMX as it looks to continue its solid performance.