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Is E*TRADE Financial (ETFC) Outperforming Other Finance Stocks This Year?

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Investors focused on the Finance space have likely heard of E*TRADE Financial , but is the stock performing well in comparison to the rest of its sector peers? 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.

E*TRADE Financial is a member of the Finance sector. This group includes 826 individual stocks and currently holds a Zacks Sector Rank of #9. 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 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. ETFC is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for ETFC's full-year earnings has moved 8.64% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the latest available data, ETFC has gained about 20.56% so far this year. Meanwhile, stocks in the Finance group have lost about 2.96% on average. This means that E*TRADE Financial is outperforming the sector as a whole this year.

Looking more specifically, ETFC belongs to the Financial - Investment Bank industry, which includes 22 individual stocks and currently sits at #91 in the Zacks Industry Rank. This group has lost an average of 3.92% so far this year, so ETFC is performing better in this area.

Investors in the Finance sector will want to keep a close eye on ETFC as it attempts to continue its solid performance.