For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is SVB Financial Group (SIVB - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.
SVB Financial Group is one of 852 individual stocks in the Finance sector. Collectively, these companies sit at #9 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. SIVB is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for SIVB's full-year earnings has moved 6.38% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, SIVB has gained about 36.19% so far this year. In comparison, Finance companies have returned an average of -1.38%. This shows that SVB Financial Group is outperforming its peers so far this year.
Breaking things down more, SIVB is a member of the Banks - West industry, which includes 32 individual companies and currently sits at #109 in the Zacks Industry Rank. This group has gained an average of 6.57% so far this year, so SIVB is performing better in this area.
Investors with an interest in Finance stocks should continue to track SIVB. The stock will be looking to continue its solid performance.