Bank of America and Goldman Sachs Contribute to Trump's Inaugural Committee

(Reuters) – 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 (NYSE:JPM), 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 balls, 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.