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Report: Clinton Received More Wall Street Donations Than Any Other Candidate

Hillary Clinton / AP
Hillary Clinton in Indiana / AP
May 9, 2016

Hillary Clinton raked in more cash from Wall Street executives than any other presidential candidate during the latest fundraising period.

The Wall Street Journal, citing analysis of fundraising data from the Center for Responsive Politics, reported Sunday that Clinton has raised $4.2 million from Wall Street donors throughout her campaign.

In March, the Democratic front-runner received 53 percent of all Wall Street donations as financial executives gave $344,000 to the Clinton campaign. The former secretary of state raked in just 33 percent of all Wall Street donations in January through February.

The GOP’s presumptive nominee Donald Trump meanwhile hasn’t collected more than 1 percent of Wall Street donations, according to campaign-finance data recorded through March.

The Wall Street Journal noted that its analysis reveals a flip in support among some Wall Street donors who previously donated to Republicans, including former Florida Gov. Jeb Bush and Florida Sen. Marco Rubio.

"Mrs. Clinton’s ability so far to draw the support of business donors, even those who lean Republican, suggests she is reversing the flow of Wall Street money toward the GOP ever since big banks, investment firms and hedge funds fell out of favor with President Barack Obama," the report noted.

Though the shift in cash flow will prove advantageous for the Clinton campaign during the general election, it threatens to impair her efforts to appear tough on big banks, which could turn off many voters in the liberal base.

Sen. Bernie Sanders (I, Vt.) has repeatedly hit Clinton for her ties to Wall Street, painting the former secretary of state as an ally to large financial firms.

Clinton has received extensive scrutiny throughout her campaign for amassing $2.5 million through paid speeches to Wall Street firms, including Goldman Sachs. The former first lady has refused to release transcripts of those speeches despite repeated calls from both Republican and Democratic presidential contenders.