Are banks so cheap that they're a good opportunity, or should investors still stay away? Banks...

|By:, SA News Editor

Are banks so cheap that they're a good opportunity, or should investors still stay away? Banks are priced at 57% of their intrinsic value vs. 72% for the S&P 500, while the combined market cap of the sector is $1.68T vs. a book value of $1.95T. But then there's the eurozone, bleak profit forecasts and and uncertain legal liabilties.