Undeterred by the banking crisis, individual investors in U.S. stocks still plunge into bank stocks

Despite the ongoing crisis in the U.S. banking sector, the market still has doubts about the outlook for the banking sector and the U.S. economy, but U.S. retail investors continued to plunge into hard-hit bank stocks in the first quarter, pumping money into heavyweight stocks such as U.S. banks. According to data from Vanda Research, net buying of U.S. bank stocks soared to $769 million in the first quarter of this year, surpassing even the buying of retail concepts such as $Nifty ( $Netflix (NFLX.US)$ )$ and $Rivian Automotive ( $Rivian Automotive (RIVN.US)$ )$ in the same period. The company said retail investors even bought more than $200 million in shares of troubled $First Republic Bank ( $First Republic Bank (FRC.US)$ )$ during the period.