The Finance group has plenty of great stocks, but investors should always be looking for companies 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 a member of our Finance group, which includes 819 different companies and currently sits at #10 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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 2.37% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that AB has returned about 21.16% since the start of the calendar year. Meanwhile, stocks in the Finance group have lost about 0.72% on average. This means that AllianceBernstein Holding L.P. is outperforming the sector as a whole this year.
Looking more specifically, AB belongs to the Financial - Investment Management industry, which includes 49 individual stocks and currently sits at #175 in the Zacks Industry Rank. On average, stocks in this group have lost 8.13% 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.