What is clearly strange about his share transactions is twofold.
1) we are not told how many shares were bought
2) how come he bought three of the top four banks. That aint diversification. That is eggs in one basket.
At the time of writing I have no answers to both questions. We need answers to both questions
Okay you need more explanation.
We need to know the quantity. Buying a 100 shares is different to buying 10,000 or 100,000.
A person who buys three of the top four banks is not a canny investor. He is investing very risky. You would only do this because you are ignorant about diversification or you have inside knowledge. To add to that if the shares were bought on borrowed money then that adds to the riskiness
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