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Is TD Ameritrade Holding (AMTD) Outperforming Other Finance Stocks This Year?

Zacks

Investors focused on the Finance space have likely heard of TD Ameritrade Holding (AMTD), but is the stock performing well in comparison to the rest of its sector peers? 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.

TD Ameritrade Holding is a member of our Finance group, which includes 867 different companies and currently sits at #8 in 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. AMTD is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for AMTD's full-year earnings has moved 2.62% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

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Based on the most recent data, AMTD has returned 5.24% so far this year. In comparison, Finance companies have returned an average of -4.70%. This shows that TD Ameritrade Holding is outperforming its peers so far this year.

Looking more specifically, AMTD belongs to the Financial - Investment Bank industry, which includes 23 individual stocks and currently sits at #59 in the Zacks Industry Rank. Stocks in this group have lost about 14.42% so far this year, so AMTD is performing better this group in terms of year-to-date returns.

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


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Zacks Investment Research