The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has AllianceBernstein Holding L.P. (AB - 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.
AllianceBernstein Holding L.P. is a member of the Finance sector. This group includes 826 individual stocks and currently holds a Zacks Sector Rank of #10. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. AB is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AB's full-year earnings has moved 3.59% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that AB has returned about 15.17% since the start of the calendar year. At the same time, Finance stocks have lost an average of 2.79%. This means that AllianceBernstein Holding L.P. is performing better than its sector in terms of year-to-date returns.
Breaking things down more, AB is a member of the Financial - Investment Management industry, which includes 49 individual companies and currently sits at #159 in the Zacks Industry Rank. This group has lost an average of 4.26% so far this year, so AB is performing better in this area.
Investors with an interest in Finance stocks should continue to track AB. The stock will be looking to continue its solid performance.