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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? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.

SVB Financial Group is a member of our Finance group, which includes 815 different companies and currently sits at #12 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 three months, the Zacks Consensus Estimate for SIVB's full-year earnings has moved 7.30% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the latest available data, SIVB has gained about 40.17% so far this year. Meanwhile, the Finance sector has returned an average of 0.66% on a year-to-date basis. This means that SVB Financial Group is outperforming the sector as a whole this year.

Breaking things down more, SIVB is a member of the Banks - West industry, which includes 32 individual companies and currently sits at #62 in the Zacks Industry Rank. On average, stocks in this group have gained 11.20% this year, meaning that SIVB is performing better in terms of year-to-date returns.

Going forward, investors interested in Finance stocks should continue to pay close attention to SIVB as it looks to continue its solid performance.