Wall Street is shunning Trump. Campaign donations to Biden are five times larger

Source: https://www.cnn.com/2020/09/25/business/trump-biden-wall-street-campaign-donations/index.html
Published: Sep 29, 2020
Author: Glen Hyskell
Post Date: 2020-09-29 10:29:10 by Horse
Views: 19

President Trump is promising four more years of low taxes, light regulation and a laser-focus on the stock market. Yet professionals on Wall Street are shunning Trump and funneling staggering amounts of money to his opponent.

The securities and investment industry donated just $10.5 million to Trump's presidential campaign and outside groups aligned with it, according to a new tally by OpenSecrets. It has sent nearly five times as much cash, $51.1 million, to Democratic presidential nominee Joe Biden.

That means Trump is losing the fundraising race among Wall Streeters by a slightly greater magnitude than in 2016. During that cycle, former New York Senator Hillary Clinton and groups aligned with her raised $88 million from the securities and investment industry, while Trump took in just $20.8 million.

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