#Wall Street donors reportedly favor Biden over Trump in 2020 election

Wall Street donors reportedly favor Biden over Trump in 2020 election

June 3, 2020 | 9:29am

Joe Biden, who has campaigned as “Middle Class Joe,” is raking in the Wall Street cash.

Security industry employees, composed of stockbrokers, bond dealers and brokerage houses that characterize Wall Street, have donated $29,703,244 to the former vice president’s 2020 campaign or to political committees that back his White House run, according to numbers from the Center for Responsive Politics and compiled by Breitbart News.

After the Democratic Party and left-wing associations, the security industry sector is the second largest source of contributions to the Biden campaign.

President Trump has received about $6,320,861 from that group.

Biden has also received more campaign cash from employees of JP Morgan Chase, Bank of America, Morgan Stanley and Goldman Sachs than Trump – at a total of $508,259.

The president has received a total of $96,582 from the four Wall Street firms, combined.

Morgan Stanley gave $27,981; JP Morgan, $23,942; Bank of America, $40,448; Goldman Sachs, $4,211, according to the records.

The report also shows that 58 percent of Goldman Sachs political contributions have gone to Democratic congressional candidates, as has 62 percent of Morgan Stanley’s donations during the 2020 campaign cycle.

Bank of America’s contributions were evenly matched between Democratic and Republican candidates.

JP Morgan favored Democrats over Republicans – 60 percent to 30 percent – another 10 percent went to independents.

Sen. Bernie Sanders has called on Biden, the presumptive Democratic nominee, to take up his progressive mantle in the presidential campaign since he dropped out of the race.

But Wall Street still hopes for a seat at the table, according to a report, and are hoping to snag several Cabinet positions in a Biden administration.


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