The prospect of Trump's anti-green agenda could result in further profit growth on the back of fossil-fuel-friendly industries, amid growing backlash against ESG goals.
JP Morgan, which is expected to report a jump in annual profits, has seen its shares pop 10% since Trump's victory in November.
Officials in Texas have started to penalise financial firms that dare to promote their green credentials, adding pressure on banks like NatWest.
Jamie Dimon hinted at plans to dilute the bank's climate pledges, indicating a shift in language around climate commitments within the banking sector.
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