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Over the last year, Cboe Global Markets’ (CBOE) shares have gone up by 52.7%, outperforming both the industry and the Finance sector. With a market capitalization of $19.7 billion, the company’s continued strength is reflected in its Zacks Rank #1 (Strong Buy) rating and positive consensus estimate for 2024 earnings. CBOE’s growth in earnings over the past five years has exceeded the industry average, and the company has a VGM Score of B.

A market leader in ETP trading, CBOE’s diversified business mix, growth in recurring non-transaction revenues, and use of technology are key factors driving the company’s stock. A consensus estimate for 2024 earnings suggests a 6.1% year-over-year increase on higher revenues of $2 billion. The expected long-term earnings growth rate is 12.8%, better than the industry average.

CBOE has demonstrated organic growth in its revenue over the years, with recurring non-transaction revenues expected to continue fueling the top line. The company has also expanded its global breadth of services and products, focusing on improving margins through cost management. Moreover, CBOE has increased dividends for 13 straight years, yielding 1.2%.

Some other top-ranked stocks from the finance sector include MarketAxess (MKTX), Coinbase Global (COIN), and Chubb Limited (CB), each carrying a Zacks Rank #2 (Buy). MarketAxess’ 2024 earnings per share are expected to increase by 12.9%, Coinbase has a decent record of beating earnings estimates, and Chubb’s estimates for 2024 earnings suggest a rise of 6.9% from the year-ago figure.

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Read more: Cboe Global (CBOE) Up 53% in a Year: Time to Add to Portfolio?