For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. JPMorgan Chase & Co. (JPM) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
JPMorgan Chase & Co. is a member of the Finance sector. This group includes 879 individual stocks and currently holds a Zacks Sector Rank of #4. 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. JPMorgan Chase & Co. is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for JPM's full-year earnings has moved 8.2% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, JPM has gained about 8.9% so far this year. Meanwhile, stocks in the Finance group have gained about 6.9% on average. As we can see, JPMorgan Chase & Co. is performing better than its sector in the calendar year.
Another Finance stock, which has outperformed the sector so far this year, is Adamas Trust (ADAM). The stock has returned 22.5% year-to-date.
Over the past three months, Adamas Trust's consensus EPS estimate for the current year has increased 14.3%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, JPMorgan Chase & Co. belongs to the Financial - Investment Bank industry, a group that includes 22 individual stocks and currently sits at #22 in the Zacks Industry Rank. Stocks in this group have gained about 9.2% so far this year, so JPM is slightly underperforming its industry this group in terms of year-to-date returns.
In contrast, Adamas Trust falls under the REIT and Equity Trust industry. Currently, this industry has 28 stocks and is ranked #144. Since the beginning of the year, the industry has moved -4.8%.
Investors with an interest in Finance stocks should continue to track JPMorgan Chase & Co. and Adamas Trust. These stocks will be looking to continue their solid performance.
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.
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