Goldman, JPMorgan consider covering abortion travel costs for employees: report
Citigroup announced in March that it would cover abortion travel costs
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FOX Business' Maria Bartiromo, Payne Capital Management President Ryan Payne and Macro Trends Advisors founding partner Mitch Roschelle discuss a leaked draft that shows the SCOTUS vote on Roe v. Wade, and the 2022 midterm elections.
Goldman Sachs and JPMorgan Chase are both reportedly mulling the prospect of paying travel expenses for employees seeking abortions, following the draft Supreme Court decision leaked earlier this week showing the high court could overturn Roe v. Wade.
Major banks Goldman Sachs and JPMorgan Chase are both considering offering to cover travel expenses for employees seeking abortions, according to a new report. (istock / iStock)
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| JPM | JPMORGAN CHASE & CO. | 212.33 | +3.63 | +1.74% |
| GS | THE GOLDMAN SACHS GROUP INC. | 499.23 | +7.66 | +1.56% |
Bloomberg cited sources familiar in reporting that both major banks are considering extending abortion travel benefits, but that no final decision has been made by either as "some senior leaders remain wary of the growing criticism by Republican lawmakers."
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Spokespeople for both banks declined to comment, but a person familiar with Goldman Sachs' thinking told FOX Business the policy is being reviewed in the context of a final decision from the Supreme Court and associated state laws.
A view of the U.S. Supreme Court on Capitol Hill on January 07, 2022 in Washington, DC. ( Anna Moneymaker/Getty Images / Getty Images)
The individual said the bank is focused on understanding the impact on its employees and their health care choices.
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If Goldman and JPMorgan move forward with covering abortion travel, they would be following in the footsteps of Citigroup, which was the first major financial institution to announce such coverage in a March SEC filing in response to several states enacting laws with greater abortion restrictions.
A view of the exterior of the Citibank corporate headquarters in New York, New York, U.S. May 20, 2015. ( REUTERS/Mike Segar/Files / Reuters Photos)
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| C | CITIGROUP INC. | 65.18 | +0.81 | +1.26% |
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Most major corporations have so far remained mum on the leaked SCOTUS draft decision, which was first reported by Politico. But a growing number have signed up to cover abortion travel expenses for workers, including Amazon and Yelp.