Washington, D.C. — A newly released federal ethics filing shows President Trump made more than 170 investments in securities issued by major banks and financial institutions during 2025, with the transactions disclosed months after many occurred.
The filing, submitted to the Office of Government Ethics, indicates the purchases took place between May and November 2025. The transactions were not reported publicly until March 2026, and the document notes the notifications were received more than 30 days prior to disclosure, meaning late filing fees were paid.
The investments were reported in broad ranges—from as little as $1,001 to as much as $500,000 per trade. Using the upper limits of those ranges, the total value of the investments could exceed $20 million.
Many of the securities listed were issued by large financial institutions, including Bank of America, Wells Fargo, JPMorgan Chase, Goldman Sachs, Morgan Stanley, and several regional banks. Most appear to be preferred shares or similar income-producing securities.
Preferred shares typically pay fixed dividends and are commonly issued by banks to raise capital or meet regulatory requirements. Yields on these securities often range between roughly 3% and 8% annually.
The disclosure comes as the administration continues shaping financial sector policies that affect major banking institutions.
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