Influence

Wall Street Flocks to GOP

The natural order of things is restored: For the first time since 2004, Wall Street is giving more money to Republicans than Democrats. A Wall Street Journal survey of 12 large financial companies, including J.P. Morgan and Goldman Sachs, shows them giving 52 percent of the $1.4 million they gave in political donations to the GOP. Both J.P. Morgan and Morgan Stanley gave the vast majority of their money to the GOP, while even Goldman Sachs—a traditional supporter of the Democratic Party—has given 52 percent of its money to Republicans. If that pattern holds through November, it will be the first year since 1989 when Goldman has given more to the Republican Party.