Money
Is Allstate (ALL) Stock Beating Finance Peers This Year?
2024-11-29
In the vast realm of finance, there are numerous stocks that hold potential. One crucial aspect for investors is to identify companies that outshine their peers. Today, we delve into the performance of Allstate (ALL) and Credicorp (BAP) within the Finance group.

Uncover the Finance Stars - Allstate vs. Credicorp

Allstate: A Finance Group Member with Promising Traits

The Finance group boasts a plethora of great stocks. Allstate, a prominent member, is part of this diverse group consisting of 871 companies and holds the top position in the Zacks Sector Rank. This ranking considers 16 different sector groups, with the average Zacks Rank of individual stocks within the groups being measured. Allstate currently sports a Zacks Rank of #2 (Buy). Over the past 90 days, the Zacks Consensus Estimate for ALL’s full-year earnings has seen a significant 7.5% increase, indicating stronger analyst sentiment and an improving earnings outlook. Based on the latest data, ALL has delivered an impressive 48.7% return this year, outperforming the average 25.6% return of Finance companies. It is a member of the Insurance – Property and Casualty industry, which includes 40 individual companies and is currently ranked #30. This group has gained an average of 34.9% so far this year, and ALL is performing even better within this area.

Credicorp: A Foreign Bank with Strong Performance

Credicorp, another stock in the Finance sector, has also shown remarkable performance. With a year-to-date return of 27.6%, it has outperformed the sector. For Credicorp, the consensus EPS estimate for the current year has increased by 1.6% over the past three months. It belongs to the Banks – Foreign industry, which consists of 66 stocks and is currently ranked #63. This industry has moved +12.6% year to date. Both Allstate and Credicorp have the potential to continue their solid performance, making them worthy of close attention from investors interested in Finance stocks.
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