Financial Sector Donations to 2020 Presidential Candidates

The nation's financial sector had a clear favorite in the last presidential election. Hillary Clinton's campaign committee received $117.3 million from the sector, around three times what Donald Trump raised, according to Federal Election Commission data analyzed by the Center for Responsive Politics.

Things seem to have worked out regardless. America's financial companies have been greatly helped by the rolling back of post-crisis regulations under the Trump administration. However, financial service providers now face the prospect of a Democratic contender calling for stricter rules and scrutiny, like Bernie Sanders or Elizabeth Warren, moving into the White House next year.

The interactive chart below displays whom Wall Street is opening its wallets up for during the 2020 election cycle and how much each candidate depends on the sector for funds. The data, prepared by the Center for Responsive Politics, only includes donations made to official campaign committees. The money came from organizations' political action committees (PAC), their individual members, employees or owners, and those individuals' immediate families. Corporations are forbidden from donating directly to candidates in this way.

Leader Board: Financial Sector's Favorites

Running for president of the United States is an expensive business, and candidates ask supporters to donate at every chance they get.

So far in the 2020 cycle, President Trump, who had a two-year head start, has raised more from the financial sector than Democratic top contenders Joe Biden, Bernie Sanders and Elizabeth Warren combined. The firms showing him most support are Wells Fargo (WFC), Bank of America Corp. (BAC) and JPMorgan Chase & Co (JPM).

Cory Booker is the Democratic candidate with the most backing from the sector, with it accounting for 12% of his campaign committee's funding. A little over half of the funds raised came from the New York and New Jersey states. The firms showing him most support are Donald Sussman's Paloma Partners, Mack-Cali Realty Corporation (CLI) and Apollo Global Management (APO).

Influence

The Center for Responsive Politics says the financial sector is "far and away the largest source of campaign contributions to federal candidates and parties." It also spent $536.3 million on lobbying last year, with the insurance and real estate industry together spending over $276 million. A total of 955 organizations hired 2,379 lobbyists and 64% of them were revolvers, or lobbyists who held government positions in the past.