After last week’s stock market crash worldwide some investors are trying to bottom feed on some of the battered stocks. There are plenty of stocks with great dividend yields.Some of the stocks have fallen so much that they now trade for under $10.

The following is a list of foreign bank stocks under $10 that trade on the US exchanges. These stocks have excellent yields but investors must remember that dividends can be suspended or cut anytime.With that in mind, you may want to review these stocks if you are trying to pick up some great value plays now.

Five Foreign Bank Stocks under $10 (as of Oct 12,2008) :

1. Banco Bradesco(BBD) , one of the large private sector banks in Brazil now trades for $9.69. Dividend Yield is 3.17% and the stock is down over 53% in the past 52 weeks. When the commodity markets recover, BBD will rebound.

2. National Bank of Greece (NBG) pays a dividend of 1.91% and the P/E is 9.22.

3. The OTC traded Swedbank AB (SWDBY) is a banking company in Sweden. SWDBY closed at $8.90 last Friday and has n yield of 16.90%.

4.BBVA Banco Frances SA(BFR) is an Argentina based bank. Currently it pays a juicy 9.70% yield and the P/E is 6.29. It is a small bank with a market cap of just over $500M.

↑ Grab this Headline Animator

5.Denmark-based Danske Bank A/S (DNSKY) closed at $7.70 on Friday. DNSKY has a dividend yield of 11.34% and is one of Denmark’s well known banks.