Amalgamated Financial (AMAL) vs. Finance Stocks: A Yearly Performance Review

Investors interested in the finance sector often seek strong stocks that stand out from their competitors. One such company is Amalgamated Financial (AMAL). This article examines whether AMAL's recent performance stacks up favorably against other finance stocks this year.

Amalgamated Financial is part of a robust finance group, which includes a total of 871 companies. Currently, this sector holds the top position, ranked #1 within the Zacks Sector Rank. This ranking system evaluates 16 different groups based on the average Zacks Rank of stocks within each sector, helping investors identify strong performing areas.

AMAL has been rated as a Zacks Rank #2 (Buy), indicating positive expectations for its performance. Analysts have a generally favorable outlook as evidenced by a 5.2% increase in the Zacks Consensus Estimate for AMAL's full-year earnings over the last quarter, suggesting a strengthened earnings outlook.

This year, Amalgamated Financial has delivered impressive returns, reporting approximately 32.3% gains since the start of the calendar year. This performance has outpaced the average return of finance companies, which is around 25.8%. Clearly, AMAL is exceeding its sector's performance this year.

Another notable finance stock that has shown strong results in 2023 is Janus Henderson Group plc (JHG). This company has experienced a remarkable 50.2% increase in its stock price year-to-date.

Janus Henderson has enjoyed a positive shift in analyst expectations as well, with the consensus EPS estimate for the current year rising by 6.1% over the past three months. It currently holds a Zacks Rank of #1 (Strong Buy), indicating robust confidence in its future performance.

Diving deeper into specific industries, Amalgamated Financial falls under the Financial - SBIC & Commercial Industry category, which consists of 36 individual stocks and currently ranks #59 in the Zacks Industry Rank. This particular group has overall gained an average of 9.4% this year, affirming that AMAL is outpacing its immediate industry peers.

In contrast, Janus Henderson operates within the Financial - Investment Management industry, which contains 37 stocks and is currently rated #31. This industry has made significant strides with an overall increase of 43.7% year-to-date.

Both Amalgamated Financial and Janus Henderson have demonstrated strong performance this year. Investors with an interest in finance stocks would be wise to keep a close watch on these two companies as they navigate the remainder of the year.

finance, stocks, performance