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JPMorgan Chase's recent exit from the Net-Zero Banking Alliance marks a significant shift in North American banks' commitment to climate action, coinciding with Donald Trump's second presidential term. This trend follows similar withdrawals from major banks like Citigroup and Bank of America, collectively representing 62% of the US banking industry. As the political landscape changes, the remaining banks emphasize their ongoing commitment to sustainability, despite the departures raising concerns about the future of climate initiatives in the financial sector.
Royal Bank of Canada (TSE:RY) saw its price target lowered by UBS Group from C$200.00 to C$192.00, indicating a potential upside of 13.54%. Despite a "Buy" rating, top analysts recommend five other stocks as better investment options. The stock is currently trading at C$169.10, with a consensus rating of "Buy" and an average target price of C$178.83.
David I. McKay
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
major banks exit net-zero alliance amid shifting political climate in the us
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10:00 25.03.2025
royal bank of canada price target lowered amid mixed analyst ratings
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