WASHINGTON/NEW YORK — Many Wall Street executives have reservations about backing either candidate in the US presidential election, worried that former President Donald Trump's policies will hurt the economy but wary Vice President Kamala Harris will lean too far left.

While multiple Wall Street heavy-hitters including Bill Ackman, John Paulson and George Soros have backed a candidate, many other senior executives are still weighing the economic policies central to the closely fought race and the ramifications for legal and democratic institutions, according to conversations with two dozen executives in recent weeks.

Despite a track record implementing Wall Street-friendly measures, Republican candidate Trump's policies threaten to create economic and policy instability, many executives said.

While Harris would be a safe pair of hands, she has only been the Democratic candidate since late July when President Joe Biden exited the race and remains a big unknown, they said. Many worry the Vice President will continue Biden's regulatory crackdown on lucrative Wall Street businesses.

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