Wall Street Donors Flocking to Clinton

Now that Donald Trump has secured his position as the presumptive Republican nominee, Wall Street donors are fleeing the party and throwing their support behind Democratic frontrunner Hillary Clinton.

A Wall Street Journal analysis published late Sunday found that the former secretary of state “has raised $4.2 million in total from Wall Street, $344,000 of which was contributed in March alone.”

In fact, Clinton has seen a surge in financial sector donations since business-friendly Republican candidates—namely former Florida Gov. Jeb Bush and Florida Sen. Marco Rubio—dropped out of the race. According to the newspaper’s reporting on fundraising data provided by the Center for Responsive Politics, “the former secretary of state received 53 percent of the donations from Wall Street in March, up from 32 percent last year and 33 percent in January through February, as the nominating contests began.”

WSJ notes that “Trump, by contrast, hasn’t garnered more than 1 percent of Wall Street contributions in any month through March,” although the New York billionaire is expected to be much more active in soliciting donations for the general election.

The report further cites an analysis by the nonpartisan crowdfunding resource Crowdpac, which found that “more than 500 donors, including many Wall Street executives, who gave more than $200 to a Republican who later dropped out, including Messrs. Bush and Rubio, have since given to Mrs. Clinton,” WSJ wrote.

In total, Clinton has received a full third of all money that business interests have donated to presidential campaigns on both sides of the aisle.