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.