Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Comerica (CMA - 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 CMA and the rest of the Finance group's stocks.
Comerica is a member of our Finance group, which includes 822 different companies and currently sits at #13 in 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. CMA is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for CMA's full-year earnings has moved 3.82% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, CMA has returned 13.59% so far this year. At the same time, Finance stocks have lost an average of 0.06%. As we can see, Comerica is performing better than its sector in the calendar year.
Breaking things down more, CMA is a member of the Banks - Major Regional industry, which includes 16 individual companies and currently sits at #43 in the Zacks Industry Rank. Stocks in this group have gained about 4.77% so far this year, so CMA is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Finance stocks should continue to pay close attention to CMA as it looks to continue its solid performance.