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Of Their Affiliates
document of their affiliates House Oversight Committee — Epstein Estate Records (Nov 2025)

are available on the Morgan Stanley Wealth Management disclosure website at www.morganstanley.com/online/researchdisclosures. For Morgan Stanley specific disclosures

Martin Zweig, 70. He predicted the 1987 stock-market crash and
document IMAGES-002-HOUSE_OVERSIGHT_013279.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…18 of congestive heart failure in Littlke Rock, Arkansas, where he retired. Susan Carroll, 50. A managing director of Morgan Stanley since 2009, who was the chief operating officer of Salt Lake City- based Morgan Stanley Bank. Died Feb. 18 of liver disease. Paul Mcllhenny, 68....

Morgan Stanley | RESEARCH
document IMAGES-008-HOUSE_OVERSIGHT_025581.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Morgan Stanley | RESEARCH Valuation and Risks NORTH AMERICA INSIGHT ~~ Alternative Asset Managers: We value the stocks using a sum of the parts valuation and discounted cash flow as well as price/earnings and price/cash earnings multiples. Our DCF (COE of 12+15%, free cash flo...

Morgan Stanley | sesearcs NORTH AMERICA INSIGHT ~~
document IMAGES-008-HOUSE_OVERSIGHT_025579.txt Jan 12, 2018 House Oversight Committee — Epstein Estate Records (Nov 2025)

Morgan Stanley | sesearcs NORTH AMERICA INSIGHT ~~ Appendix C: Notable Alt Reports: In Case You Missed Them™% Asset Managers & Brokers: 4Q17 Preview: Buy CG and ETFC into the Print (12 Jan 2018) Raising Est on Tax Cuts & Strong Mkts, Upgrading APO and ETFC to Overweight (3 Jan...

Morgan Stanley | RESEARCH
document IMAGES-008-HOUSE_OVERSIGHT_025587.txt Jan 29, 2018 House Oversight Committee — Epstein Estate Records (Nov 2025)

Morgan Stanley | RESEARCH INDUSTRY COVERAGE: Brokers & Asset Managers COMPANY (TICKER) Michael J. Cyprys, CFA, CPA Apollo Global Management LLC (APO.N) Ares Management, L.P. (ARES.N) BlackRock Inc. (BLK.N) Charles Schwab Corp (SCHW.N) E*Trade Financial Corp (ETFC.O) Franklin...

Fareed Zakaria: Trump sells America short
email IMAGES-012-HOUSE_OVERSIGHT_033482.txt Sep 17, 2015 House Oversight Committee — Epstein Estate Records (Nov 2025)

…U.S. has come out of the 2008 crisis better than all the others,” says Ruchir Sharma, head of global macro investing at Morgan Stanley. “Americans have reduced their debt burden more than the Europeans, while China’s debt has skyrocketed to extremely dangerous levels. If you look...

On a Net Worth Basis, USA Inc. Also Sits in Middle of Pack vs. Western
document IMAGES-006-HOUSE_OVERSIGHT_021050.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…rom U.S. Dept. of Treasury’s data (used in earlier slides). For more details on underlying assumptions, please refer to Morgan Stanley Research’s Global Outlook piece “Sovereign Subjects: Ask Not Whether Governments Will Default, But How,” 8/25/10. KP Source: Arnaud Mares, Morg...