5 Cheap Stocks to Buy — Financials for $15 or Less

By both share price and valuation, the financial sector is loaded with cheap stocks

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5 Cheap Stocks to Buy — Financials for $15 or Less

Cheap Stocks: KeyCorp. (KEY)

key corp 185 5 Cheap Stocks to Buy    Financials for $15 or LessKEY Stock Price: $13.60

KeyCorp. (KEY) was laid low during the financial crisis, as lax lending standards and a loss of focus led it to take a $5 billion bath for bad loans.

Since then, however, the bank has remade itself into a leaner operation with tougher standards and a renewed focus on being what it really is: a regional bank.

KEY stock is up a tiny 1% for the year-to-date, but a return to higher earnings should allow for multiple expansion. KEY is expected to post a profit drop in the current quarter, but after that it’s all accelerating growth on the bottom line.

Shares cost less than $15 a pop, so that makes it easy to build a position in KEY as a retail investor.  The P/E of 13 and P/B of 1.2 are bargains too. And, at 1.9%, the yield on the dividend has room to grow.


Article printed from InvestorPlace Media, http://investorplace.com/2014/08/cheap-stocks-buy-financials/.

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