Blockchain AI Propel JPMorgan Goldman to Mag 7

Banks to Benefit from AI and Blockchain, Says Tom Lee

• Tom Lee suggests major banks like JPMorgan and Goldman Sachs could emerge as tech leaders by adopting artificial intelligence (AI) and blockchain technologies.
• Lee believes financial institutions will see margin expansion through reduced employee intensity by leveraging these technologies.
• A more dovish Federal Reserve could boost business confidence, with the ISM manufacturing index potentially rising above 50.
• Historically, an ISM index above 50 correlates with growth cycles in Bitcoin and Ethereum.
• Lee maintains a bullish outlook for early 2026, noting stronger-than-usual returns typically occur from late December into early January.

Tom Lee predicts that banks like JPMorgan and Goldman Sachs may benefit significantly from AI and blockchain, potentially leading to margin expansion. A rise in the ISM index above 50 could also support growth in sectors such as industrials and energy, alongside cryptocurrencies like Bitcoin and Ethereum.