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Has Amalgamated Financial (AMAL) Outpaced Other Finance Stocks This Year?
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For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Amalgamated Financial (AMAL - Free Report) been one of those stocks this year? 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.
Amalgamated Financial is one of 899 individual stocks in the Finance sector. Collectively, these companies sit at #3 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 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. Amalgamated Financial is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for AMAL's full-year earnings has moved 8.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that AMAL has returned about 1.5% since the start of the calendar year. At the same time, Finance stocks have lost an average of 1.2%. This shows that Amalgamated Financial is outperforming its peers so far this year.
Canadian Imperial Bank (CM - Free Report) is another Finance stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 8.8%.
The consensus estimate for Canadian Imperial Bank's current year EPS has increased 0.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Amalgamated Financial belongs to the Financial - SBIC & Commercial Industry industry, which includes 36 individual stocks and currently sits at #78 in the Zacks Industry Rank. This group has lost an average of 0.5% so far this year, so AMAL is performing better in this area.
In contrast, Canadian Imperial Bank falls under the Banks - Foreign industry. Currently, this industry has 62 stocks and is ranked #78. Since the beginning of the year, the industry has moved +10.9%.
Investors with an interest in Finance stocks should continue to track Amalgamated Financial and Canadian Imperial Bank. These stocks will be looking to continue their solid performance.
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Has Amalgamated Financial (AMAL) Outpaced Other Finance Stocks This Year?
For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Amalgamated Financial (AMAL - Free Report) been one of those stocks this year? 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.
Amalgamated Financial is one of 899 individual stocks in the Finance sector. Collectively, these companies sit at #3 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 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. Amalgamated Financial is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for AMAL's full-year earnings has moved 8.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that AMAL has returned about 1.5% since the start of the calendar year. At the same time, Finance stocks have lost an average of 1.2%. This shows that Amalgamated Financial is outperforming its peers so far this year.
Canadian Imperial Bank (CM - Free Report) is another Finance stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 8.8%.
The consensus estimate for Canadian Imperial Bank's current year EPS has increased 0.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Amalgamated Financial belongs to the Financial - SBIC & Commercial Industry industry, which includes 36 individual stocks and currently sits at #78 in the Zacks Industry Rank. This group has lost an average of 0.5% so far this year, so AMAL is performing better in this area.
In contrast, Canadian Imperial Bank falls under the Banks - Foreign industry. Currently, this industry has 62 stocks and is ranked #78. Since the beginning of the year, the industry has moved +10.9%.
Investors with an interest in Finance stocks should continue to track Amalgamated Financial and Canadian Imperial Bank. These stocks will be looking to continue their solid performance.