Charles Gasparino: Wall Street Still Doesn't Love the GOP - WSJ.com

Charles Gasparino: Wall Street Still Doesn't Love the GOP - WSJ.com

The reasons to expect this about-face are partly ideological: People like Larry Fink at BlackRock, Jamie Dimon at J.P. Morgan Chase, Brian Moynihan at Bank of America, and Lloyd Blankfein and Gary Cohn at Goldman Sachs are all social liberals who largely support the president's agenda on health care, taxes and the environment. That's why they like Mr. Bloomberg so much—he's Mr. Obama without the rhetoric of class warfare.

But backing the president is also good business. Wall Street leaders know that despite the public chastising and name-calling ("fat-cat bankers," etc.), and July's signing into law of the Dodd–Frank Wall Street Reform and Consumer Protection Act, they've benefited disproportionately from Mr. Obama's policies.