Scholtz says the sell-off in BBVA shares since it announced a full acquisition of Turkish subsidiary Garanti in November suggests the market assigns no value to Garanti. 20.īBVA is the third-largest bank in Spain and has international operations in Latin America. Morningstar has a "buy" rating and a $4.50 price target for SAN stock, which closed at $3.52 on Jan. Scholtz says Santander also has competitive advantages in the high-growth markets of Brazil, Chile and Mexico. In addition, Scholtz says Santander should focus more on its Latin American business, which has generated at least high double-digit returns on equity in recent quarters. retail banking businesses and use the proceeds to improve its balance sheet. Analyst Johann Scholtz says Santander should exit its underperforming U.S. Here are eight cheap stocks to buy for under $10, according to Morningstar.īanco Santander is a large Spanish bank with a sizable international presence. ![]() However, the Morningstar analyst team has identified eight cheap, high-quality stocks that could be excellent buying opportunities for frugal investors. Stocks priced at this level can be a red flag for investors that something serious is wrong with a company, such as untenable business models or difficult near-term outlooks. At this point, quality stocks trading for less than $10 per share are few and far between. The S&P 500 is off to a shaky start in 2022, but the market remains near all-time highs after almost doubling from its March 2020 lows. At less than $10 per share, these stocks won't break the bank.
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