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Is SVB Financial Group (SIVB) Outperforming Other Finance Stocks This Year?

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Investors focused on the Finance space have likely heard of SVB Financial Group , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

SVB Financial Group is one of 819 individual stocks in the Finance sector. Collectively, these companies sit at #10 in the Zacks Sector Rank. 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. SIVB is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for SIVB's full-year earnings has moved 6.77% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

According to our latest data, SIVB has moved about 39.54% on a year-to-date basis. At the same time, Finance stocks have lost an average of 0.72%. As we can see, SVB Financial Group is performing better than its sector in the calendar year.

Looking more specifically, SIVB belongs to the Banks - West industry, which includes 32 individual stocks and currently sits at #76 in the Zacks Industry Rank. Stocks in this group have gained about 11.18% so far this year, so SIVB is performing better this group in terms of year-to-date returns.

Investors with an interest in Finance stocks should continue to track SIVB. The stock will be looking to continue its solid performance.