President Obama has lost more than 100 Wall Street donors, mostly investors, to Republican presidential hopeful Mitt Romney, according to a Bloomberg report.
Money from Wall Street may help Romney in the race to be the top third-quarter fundraiser among the GOP's presidential candidates, a distinction that at this point in the race often establishes a candidate hierarchy. The third quarter ends on Sept. 30.
The shift comes as Obama has ramped up his criticism of Wall Street and backed raising taxes on the wealthy in speeches around the country. Romney, who has worked in the financial-services industry, and the other top GOP candidate, Rick Perry, are both hosting fundraisers on Tuesday, Bloomberg reports.