Is Byline Bancorp (BY) Stock Outpacing Its Finance Peers This Year?
Byline BancorpByline Bancorp(US:BY) ZACKS·2024-08-01 14:42

Group 1 - Byline Bancorp (BY) has shown strong year-to-date performance, returning 19.1%, outperforming the Finance sector average of 13.9% [4] - The Zacks Rank for Byline Bancorp is currently 2 (Buy), indicating positive analyst sentiment and an improving earnings outlook, with a consensus estimate for full-year earnings increasing by 0.8% over the past quarter [3] - Byline Bancorp is part of the Banks - Northeast industry, which ranks 37 in the Zacks Industry Rank, with an average gain of 5.1% this year, further highlighting BY's superior performance [5] Group 2 - The Finance group includes 862 companies, with Byline Bancorp ranked 3 in the Zacks Sector Rank, which evaluates sectors based on the average Zacks Rank of individual stocks [2] - Another notable performer in the Finance sector is CaixaBank, S.A. Unsponsored ADR, which has returned 39.9% year-to-date and also holds a Zacks Rank of 2 (Buy) [4][5] - The Banks - Foreign industry, to which CaixaBank belongs, is currently ranked 40, with a year-to-date increase of 9.8% [6]