Bowing to pressure from immigration activists, JPMorgan Chase, Wells Fargo and U.S. Bank recently vowed to halt financing for private prisons and immigration detention centers—a move that directly affects CoreCivic and its chief competitor, Boca Raton, Fla.-based GEO Group Inc. One advocacy group, the Center for Popular Democracy, accuses the two publicly-traded REITs of “terrorizing people of color and immigrant communities in pursuit of profit.”

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