Trump guilty verdict: Evercore shares 5 key things to watch
A New York jury convicted Donald Trump in the high-profile hush money trial amid his bid to reclaim the presidency in the ongoing race.
In the wake of the verdict, analysts at Evercore ISI shared five key factors they will be monitoring to determine how much the jury’s decision impacts the race.:’ Following the verdict, Trump was released on his own recognizance, with sentencing set for July 11, just before the Republican convention. He faces up to four years in prison, though penalties could be limited to fines, restitution, and probation, Evercore analysts highlighted.
“Overall, Biden is the candidate that is more in need of base motivation right now, as his coalition has been fracturing in recent polls due to the war in the Middle East, inflation, and general concern about the direction of the country. So even if Republicans respond with more fervor, Biden probably benefits more from the help,” the analysts continued.
“We are still waiting to hear from the Supreme Court on whether the January 6th Federal trial can proceed given the Presidential immunity claims,” they said. “We don’t expect much near-term significant action in Georgia or in the classified documents case in Florida.”
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