After eight straight weeks of divestment, hedge funds made a notable pivot last week, increasing their exposure to financial stocks — particularly U.S. banks — according to a report from Goldman Sachs reviewed by Reuters. This strategic shift marks a renewed confidence in the sector following a series of upbeat first-quarter earnings from major institutions such as JPMorgan Chase & Co. $JPM, Morgan Stanley $MS, and Wells Fargo & Co. $WFC.