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Is Ally Financial (ALLY) Outperforming Other Finance Stocks This Year?
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Investors focused on the Finance space have likely heard of Ally Financial (ALLY - Free Report) , 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.
Ally Financial is a member of our Finance group, which includes 855 different companies and currently sits at #8 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. ALLY is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for ALLY's full-year earnings has moved 3.32% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that ALLY has returned about 54.68% since the start of the calendar year. At the same time, Finance stocks have gained an average of 13.09%. As we can see, Ally Financial is performing better than its sector in the calendar year.
Breaking things down more, ALLY is a member of the Financial - Consumer Loans industry, which includes 22 individual companies and currently sits at #16 in the Zacks Industry Rank. On average, stocks in this group have gained 37.08% this year, meaning that ALLY is performing better in terms of year-to-date returns.
Investors with an interest in Finance stocks should continue to track ALLY. The stock will be looking to continue its solid performance.
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Is Ally Financial (ALLY) Outperforming Other Finance Stocks This Year?
Investors focused on the Finance space have likely heard of Ally Financial (ALLY - Free Report) , 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.
Ally Financial is a member of our Finance group, which includes 855 different companies and currently sits at #8 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. ALLY is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for ALLY's full-year earnings has moved 3.32% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that ALLY has returned about 54.68% since the start of the calendar year. At the same time, Finance stocks have gained an average of 13.09%. As we can see, Ally Financial is performing better than its sector in the calendar year.
Breaking things down more, ALLY is a member of the Financial - Consumer Loans industry, which includes 22 individual companies and currently sits at #16 in the Zacks Industry Rank. On average, stocks in this group have gained 37.08% this year, meaning that ALLY is performing better in terms of year-to-date returns.
Investors with an interest in Finance stocks should continue to track ALLY. The stock will be looking to continue its solid performance.