We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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 AllianceBernstein Holding L.P. (AB) Stock Outpacing Its Finance Peers This Year?
Read MoreHide Full Article
For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. AllianceBernstein Holding L.P. (AB - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of AB and the rest of the Finance group's stocks.
AllianceBernstein Holding L.P. is one of 826 companies in the Finance group. The Finance group currently sits at #9 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. AB is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for AB's full-year earnings has moved 3.59% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, AB has gained about 15.97% so far this year. At the same time, Finance stocks have lost an average of 2.96%. This shows that AllianceBernstein Holding L.P. is outperforming its peers so far this year.
Looking more specifically, AB belongs to the Financial - Investment Management industry, a group that includes 49 individual stocks and currently sits at #156 in the Zacks Industry Rank. On average, this group has lost an average of 4.38% so far this year, meaning that AB is performing better in terms of year-to-date returns.
Going forward, investors interested in Finance stocks should continue to pay close attention to AB as it looks to continue its solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is AllianceBernstein Holding L.P. (AB) Stock Outpacing Its Finance Peers This Year?
For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. AllianceBernstein Holding L.P. (AB - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of AB and the rest of the Finance group's stocks.
AllianceBernstein Holding L.P. is one of 826 companies in the Finance group. The Finance group currently sits at #9 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. AB is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for AB's full-year earnings has moved 3.59% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, AB has gained about 15.97% so far this year. At the same time, Finance stocks have lost an average of 2.96%. This shows that AllianceBernstein Holding L.P. is outperforming its peers so far this year.
Looking more specifically, AB belongs to the Financial - Investment Management industry, a group that includes 49 individual stocks and currently sits at #156 in the Zacks Industry Rank. On average, this group has lost an average of 4.38% so far this year, meaning that AB is performing better in terms of year-to-date returns.
Going forward, investors interested in Finance stocks should continue to pay close attention to AB as it looks to continue its solid performance.