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Is Comerica (CMA) Outperforming Other Finance Stocks This Year?

Zacks Equity Research
Updated
Does Zebra Technologies (ZBRA) have what it takes to be a top stock pick for momentum investors? Let's find out.

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Comerica (CMA) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Comerica is one of 829 companies in the Finance group. The Finance group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

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. CMA is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for CMA's full-year earnings has moved 4.99% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

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Based on the most recent data, CMA has returned 9.79% so far this year. In comparison, Finance companies have returned an average of -2.59%. As we can see, Comerica is performing better than its sector in the calendar year.

Breaking things down more, CMA is a member of the Banks - Major Regional industry, which includes 16 individual companies and currently sits at #39 in the Zacks Industry Rank. On average, stocks in this group have lost 1.59% this year, meaning that CMA is performing better in terms of year-to-date returns.

Investors with an interest in Finance stocks should continue to track CMA. The stock will be looking to continue its solid performance.


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Zacks Investment Research