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Has American Express (AXP) Outpaced Other Finance Stocks This Year?
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Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Is American Express (AXP - Free Report) one of those stocks right now? 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.
American Express is a member of our Finance group, which includes 851 different companies and currently sits at #7 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 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. AXP is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for AXP's full-year earnings has moved 0.68% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, AXP has gained about 3.33% so far this year. Meanwhile, stocks in the Finance group have lost about 6.15% on average. This shows that American Express is outperforming its peers so far this year.
Breaking things down more, AXP is a member of the Financial - Miscellaneous Services industry, which includes 30 individual companies and currently sits at #105 in the Zacks Industry Rank. This group has lost an average of 12.15% so far this year, so AXP is performing better in this area.
Investors in the Finance sector will want to keep a close eye on AXP as it attempts to continue its solid performance.
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Has American Express (AXP) Outpaced Other Finance Stocks This Year?
Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Is American Express (AXP - Free Report) one of those stocks right now? 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.
American Express is a member of our Finance group, which includes 851 different companies and currently sits at #7 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 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. AXP is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for AXP's full-year earnings has moved 0.68% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, AXP has gained about 3.33% so far this year. Meanwhile, stocks in the Finance group have lost about 6.15% on average. This shows that American Express is outperforming its peers so far this year.
Breaking things down more, AXP is a member of the Financial - Miscellaneous Services industry, which includes 30 individual companies and currently sits at #105 in the Zacks Industry Rank. This group has lost an average of 12.15% so far this year, so AXP is performing better in this area.
Investors in the Finance sector will want to keep a close eye on AXP as it attempts to continue its solid performance.