Where Banks Are Really Cheap Overseas – And An ETF To Capitalize

It is often said that U.S. banks are inexpensive compared to other sectors and that the group is full of value stocks, but European banks are, by some metrics, really cheap, too. The iShares MSCI Europe Financials ETF ( EUFN B+ ), which provides a targeted play on European financial companies, is home to some banks trading at depressed valuations.