Vanda Research's data show that there has been a surge of retail investor buying of bank stocks. These are the names they're buying.
Retail investors are buying financial stocks in unprecedented amounts after the sector's recent rout, according to Vanda Research. Banks have been pummeled in the wake of Silicon Valley Bank's collapse and concerns over Credit Suisse 's financial situation. Regional bank stocks were particularly hard hit as investors worried whether they had balance sheet issues similar to SVB.
mountain Charles Schwab's five-day performance "The broker remains a top pick for analysts and individual investors alike," Iachini said. "It also undoubtedly helped sentiment that ~80% of SCHW deposits sit within the FDIC limits." Some investors were also buying shares of First Republic Bank, PacWest Bancorp and Truist Financial .
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