Retail traders are beginning to buy the dip in some financial stocks that were hit hard during the banking crisis, according to JPMorgan. Strategist Peng Cheng said in a note to clients Wednesday evening that, while retail traders are pulling back from individual stocks in general, two financial names are surprisingly popular: Charles Schwab and Truist . "At the single stock level, retail traders net sold -$1.8B this past week. However, half of Wall Street analysts who cover Truist have a hold rating on the stock, according to Refinitiv. The majority of analysts who cover Schwab have a buy or strong buy rating on the stock, according to Refinitiv.

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