Bank of America, Goldman to donate undecided amounts to Trump's inaugural committee-May 2024-www.financetom.com

Bank of America, Goldman to donate undecided amounts to Trump's inaugural committee

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Bank of America, Goldman to donate undecided amounts to Trump's inaugural committee

Dec 13, 2024 3:44 PM

Dec 13 (Reuters) - Bank of America ( BAC ), the

second-largest U.S. lender, and investment bank Goldman Sachs ( GS )

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 ( JPM ), were the two

largest bank contributors to Trump's 2017 inauguration. JPMorgan ( JPM )

representatives declined to comment.

The inaugural committee plans and finances events, including

opening ceremonies and parades, galas and balls, but not the

swearing-in ceremony itself, according to the Federal Election

Commission.

Bank of America ( BAC ) contributed $1 million to both Trump's first

inaugural fund and to President Joe Biden's in 2021. JPMorgan ( JPM )

donated $500,000 for Trump's 2017 inaugural festivities.

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