I bought these two FTSE 100 stocks for their market-beating dividend yields. But I also see both shares are strong candidates for big price rebounds. The post Unless I’m crazy, these FTSE 100 shares are a steal! appeared first on The Motley Fool UK.
Barclays Bank's stock (NYSE: BCS) has seen a modest year-to-date (YTD) increase of 1%, in contrast to the S&P 500's 16% surge over the same timeframe as of Wednesday. Despite this, the bank's shares are currently valued at $8 each, 26% beneath its fair value of just under $11, according to estimates by Trefis.
In an effort to curb soaring inflation, the central bank has escalated its primary interest rate from 0.1% in December 2021 to a 15-year peak of 5.25%. Further, the market anticipates another increase later this week to 5.5%, marking the 14th consecutive rise since August. This series of hikes is causing an uptick in impairments within the British banking sector, as noted by Sam Woods, Deputy Governor of the Bank of England on Tuesday.