Bank of America, Goldman to donate to Trump’s inaugural committee

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Bank of America, Goldman to donate to Trump’s inaugural committee

A man walks by the Bank of America headquarters in New York on July 18, 2023.

Eduardo Munoz | View Press | Getty Images

Bank of America, the second-largest U.S. lender, and investment bank Goldman Sachs plan to contribute to President-elect Donald Trump’s inaugural committees, but have yet to decide on the amount, spokespeople for each bank said Friday.

BofA, along with JPMorgan Chase & Co, were the two largest bank contributors to Trump’s 2017 inauguration. JPMorgan representatives declined to comment.

The inaugural committee plans and finances events, including opening ceremonies and parades, galas and ******, but not the swearing-in ceremony itself, according to the Federal Election Commission.

Bank of America contributed $1 million to both Trump’s first inaugural fund and to President Joe Biden’s in 2021. JPMorgan donated $500,000 for Trump’s 2017 inaugural festivities.

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