Cheap stocks are easy to find if you know where to look, and thanks to the continuing hangover of the financial crisis, the financial sector is loaded with them. Both in the U.S. and abroad, with mega market caps and modest ones, financials offer abundant opportunities to find cheap stocks going for less than $15 a pop.
We scoured the market for cheap stocks among the financials, looking for low share-price and valuation characteristics. Surprisingly, we turned up stocks as disparate as U.S. regional banks to some of the biggest lenders in Europe.
But one thing these stocks all have in common is the potential for price appreciation. Here are five cheap stocks in the financial sector worth buying (prices are from intraday trading as of publication on Aug. 21.):