A handful of high-profile investors staked out new and increased positions in selected U.S. banks in the final months of 1994, taking advantage of the general downturn that afflicted the sector.

And as often is the case, word that a well-known investors had bet on the institutions was enough to steady their share prices, while other bank issues continued to decline.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.