Is CaixaBank (CAIXY) Outperforming Other Finance Stocks This Year?

Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Has CaixaBank, S.A. Unsponsored ADR (CAIXY) 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.CaixaBank, S.A. Unsponsored ADR is a member of our Finance group, which includes 857 different companies and currently sits at #5 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. CaixaBank, S.A. Unsponsored ADR is currently sporting a Zacks Rank of #2 (Buy).The Zacks Consensus Estimate for CAIXY's full-year earnings has moved 16% 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, CAIXY has gained about 55% so far this year. Meanwhile, the Finance sector has returned an average of 6.6% on a year-to-date basis. This means that CaixaBank, S.A. Unsponsored ADR is outperforming the sector as a whole this year.Toronto-Dominion Bank (TD) is another Finance stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 35.2%.For Toronto-Dominion Bank, the consensus EPS estimate for the current year has increased 4.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).To break things down more, CaixaBank, S.A. Unsponsored ADR belongs to the Banks - Foreign industry, a group that includes 66 individual companies and currently sits at #15 in the Zacks Industry Rank. This group has gained an average of 23.9% so far this year, so CAIXY is performing better in this area. Toronto-Dominion Bank is also part of the same industry.Investors with an interest in Finance stocks should continue to track CaixaBank, S.A. Unsponsored ADR and Toronto-Dominion Bank. These stocks will be looking to continue their solid performance.Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CaixaBank, S.A. Unsponsored ADR (CAIXY): Free Stock Analysis Report Toronto Dominion Bank (The) (TD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks