The Federal Reserve is ending its program that requires the largest U.S. banks to submit data for climate stress tests, Bloomberg’s Alastair Marsh and Katanga Johnson reports. According to the people familiar with the matter. JPMorgan (JPM), Goldman Sachs (GS), Citi (C), and three others won’t be asked to provide information for the Fed’s Climate Scenario Analysis Exercise. Other publicly traded companies in the space include Bank of America (BAC), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BAC:
- JPM, BAC, GS: Bank Stocks Rise as U.S. Federal Reserve Plans Easier Stress Test
- Banks Sell $5.5B of X’s Debt as Interest in Politically Influential Musk Grows
- Senator Warren agrees with Trump, says big banks discriminate, WSJ says
- Airbus hires Goldman for advice on effort to create SpaceX rival, Bloomberg says
- Bank of America added to US Conviction List at Goldman Sachs