Advertisement
Canada markets close in 4 hours 24 minutes
  • S&P/TSX

    22,175.38
    +68.30 (+0.31%)
     
  • S&P 500

    5,252.86
    +4.37 (+0.08%)
     
  • DOW

    39,773.83
    +13.75 (+0.03%)
     
  • CAD/USD

    0.7385
    +0.0012 (+0.16%)
     
  • CRUDE OIL

    82.65
    +1.30 (+1.60%)
     
  • Bitcoin CAD

    96,276.77
    +2,466.53 (+2.63%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,237.20
    +24.50 (+1.11%)
     
  • RUSSELL 2000

    2,127.30
    +12.95 (+0.61%)
     
  • 10-Yr Bond

    4.1910
    -0.0050 (-0.12%)
     
  • NASDAQ

    16,396.08
    -3.44 (-0.02%)
     
  • VOLATILITY

    12.99
    +0.21 (+1.64%)
     
  • FTSE

    7,971.25
    +39.27 (+0.50%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • CAD/EUR

    0.6834
    +0.0029 (+0.43%)
     

Is Deutsche Bank (DB) Outperforming Other Finance Stocks This Year?

The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Deutsche Bank (DB) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Deutsche Bank is a member of our Finance group, which includes 871 different companies and currently sits at #10 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 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. Deutsche Bank is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for DB's full-year earnings has moved 16.5% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

ADVERTISEMENT

Our latest available data shows that DB has returned about 16.6% since the start of the calendar year. Meanwhile, stocks in the Finance group have lost about 7.4% on average. As we can see, Deutsche Bank is performing better than its sector in the calendar year.

One other Finance stock that has outperformed the sector so far this year is Ellington Financial Inc. (EFC). The stock is up 12% year-to-date.

The consensus estimate for Ellington Financial Inc.'s current year EPS has increased 1.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, Deutsche Bank belongs to the Banks - Foreign industry, a group that includes 66 individual stocks and currently sits at #12 in the Zacks Industry Rank. This group has gained an average of 6.9% so far this year, so DB is performing better in this area.

On the other hand, Ellington Financial Inc. belongs to the Financial - Mortgage & Related Services industry. This 14-stock industry is currently ranked #152. The industry has moved -21.9% year to date.

Investors with an interest in Finance stocks should continue to track Deutsche Bank and Ellington Financial Inc. These stocks will be looking to continue their solid performance.

Want 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

Deutsche Bank Aktiengesellschaft (DB) : Free Stock Analysis Report

Ellington Financial Inc. (EFC) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research