Joe Biden has received significantly more cash from the financial sector than Donald Trump over the course of the 2020 election cycle. In the top two financial-sector categories, Biden has taken in five times more money than Trump, according to reports using federal data released Oct. 16.
In the securities and investment sector, Biden raised $57.7 million compared to Trump's $13.8 million. Among donors working in hedge funds or private equity, Biden raised $35.3 million to Trump's $6.8 million.
Finance executives have cited frustration with Trump's market-destabilizing tweets and their desire to avoid a contested election as reasons for supporting Biden. Biden has proved himself an ally of credit-card companies with his support of bankruptcy restrictions while a Senator. Last year, he reassured wealthy donors that "nothing would fundamentally change" under his presidency.