Is CI Financial (CIXXF) Stock Outpacing Its Finance Peers This Year?

Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Has CI Financial Corp. (CIXXF) 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.CI Financial Corp. is a member of the Finance sector. This group includes 871 individual stocks and currently holds a Zacks Sector Rank of #1. 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. CI Financial Corp. is currently sporting a Zacks Rank of #1 (Strong Buy).Within the past quarter, the Zacks Consensus Estimate for CIXXF's full-year earnings has moved 1.1% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.Our latest available data shows that CIXXF has returned about 90.9% since the start of the calendar year. Meanwhile, stocks in the Finance group have gained about 18.7% on average. This means that CI Financial Corp. is performing better than its sector in terms of year-to-date returns.Another stock in the Finance sector, The Bank of New York Mellon Corporation (BK), has outperformed the sector so far this year. The stock's year-to-date return is 46.8%.In The Bank of New York Mellon Corporation's case, the consensus EPS estimate for the current year increased 3.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Looking more specifically, CI Financial Corp. belongs to the Financial - Miscellaneous Services industry, which includes 84 individual stocks and currently sits at #71 in the Zacks Industry Rank. Stocks in this group have gained about 14.7% so far this year, so CIXXF is performing better this group in terms of year-to-date returns.The Bank of New York Mellon Corporation, however, belongs to the Banks - Major Regional industry. Currently, this 15-stock industry is ranked #39. The industry has moved +20.9% so far this year.Going forward, investors interested in Finance stocks should continue to pay close attention to CI Financial Corp. and The Bank of New York Mellon Corporation as they could maintain their solid performance.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>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 CI Financial Corp. (CIXXF): Free Stock Analysis Report The Bank of New York Mellon Corporation (BK): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks