8 stocks with depressed valuations - Goldman

• In a research note to clients, Goldman noted that investors typically over-penalize declining profitability. To wit, the S&P 500 currently trades slightly above its 2014 year-end level of 2,059, but its P/B ratio is 4% lower at 2.7x.
• Goldman recommends clients consider the following stocks with low P/B ratios:
• AIG - P/B of 0.73, implied upside 22%.
• BAC - P/B of 0.89, implied upside 26%.
• C - P/B of 0.7, implied upside 25%.
• CFG - P/B of 0.89, implied upside 24%.
• HES - P/B of 0.8, implied upside 29%.
• LNC - P/B of 0.92, implied upside 17%.
• RF - P/B of 0.96, implied upside 34%.
• ZION - P/B of 0.88, implied upside 24%.
• Now read Best-Performing Value Strategies: The Price-To-Book Ratio »