How ESG momentum may ultimately work against green stocks

Green stocks? Brown stocks? Study finds the only true winners in the ESG surge are - bank stocks.

(Mark Hulbert, author and longtime investment columnist, is the founder of the Hulbert Financial Digest; his Hulbert Ratings audits investment newsletter returns.)

CHAPEL HILL, N.C. (Callaway Climate Insights) — New research shows that the “E” in ESG investing is a genuine factor on Wall Street.

By factor, I’m referring to any of a stock’s characteristics…