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Morgan Stanley | sesearcs NORTH AMERICA INSIGHT ~~
document IMAGES-008-HOUSE_OVERSIGHT_025586.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Morgan Stanley | sesearcs NORTH AMERICA INSIGHT ~~ known to, professionals in other Morgan Stanley business areas, including investment banking personnel. Morgan Stanley Research personnel may participate in company events such as site visits and are generally prohibited from a...

Owner last Name Owner First Name Parcel Address Suite Mailing Address Suite City State Zip
document TEXT-001-HOUSE_OVERSIGHT_016698.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…HARD E & GLORIA D SHARF JEAN S TR & MCCREADY RICHARD E FRIEDLAND MELVIN WARSHAW HOWARD & MIRIAM CORNSTEIN SHEILA FRANKS STANLEY & DE BARDELEBEN PRINCE JR & ANNE BLOYS DAVID & KERTESS HANS W CAROLAN RICHARD F 2001 TRUST KAMPEL DANIEL S & CASEY IRENE D WILLIAMSON G T & PATRICIA J B...

Morgan Stanley | sesearcs NORTH AMERICA INSIGHT ~~
document IMAGES-008-HOUSE_OVERSIGHT_025583.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Morgan Stanley | sesearcs NORTH AMERICA INSIGHT ~~ Disclosure Section The information and opinions in Morgan Stanley Research were prepared by Morgan Stanley & Co. LLC, and/or Morgan Stanley C-T.V.M. S.A., and/or Morgan Stanley Mexico, Casa de Bolsa, S.A. de C.V., and/or Morgan...

2016 Future of Financials Conference
document TEXT-001-HOUSE_OVERSIGHT_014315.txt Nov 17, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…our price objective are better than expected equity markets, performance, or flows, or an accretive acquisition. Morgan Stanley (MS) We value the brokers based on the relationship between ROE (return on equity) and PB (price to book), which has a high historical correlation. Our...

Morgan Stanley | RESEARCH
document IMAGES-008-HOUSE_OVERSIGHT_025582.txt Aug 8, 2017 House Oversight Committee — Epstein Estate Records (Nov 2025)

Morgan Stanley | RESEARCH OAK.N Oaktree: We value OAK using a sum-of-the-parts, supported by a DCF, and back into an implied target multiple on next 3 years DE and ENI. Our PT implies a 12.6x multiple on 2019 EPS, reflecting a 7% pre- mium to historical valuation of 11.8x given...

Equity Investment Rating Distribution: Financial Services Group (as of 30 Sep 2016)
document IMAGES-002-HOUSE_OVERSIGHT_014393.txt Sep 30, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…, Great Western Bancor, Hancock, Huntington Banc, IBERIABANK, nvesco, JP Morgan Chase, KeyCorp, KKR, Legg Mason, Morgan Stanley, New York Community B, PNC, Prosperity Bancshare, Regions Bank, Signature Bank, SunTrust Banks, SVB Financial, Synovus, TCF, Texas Capital, US. Bancorp,...

In Stanley [the] Court held that in certain circumstances possession of a moving picture
document IMAGES-004-HOUSE_OVERSIGHT_017189.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

4.2.12 WC: 191694 In Stanley [the] Court held that in certain circumstances possession of a moving picture film is constitutionally protected even though by contemporary standards the film is obscene. We do not consider this irrelevant. The Court then went on to consider the st...

Morgan Stanley | RESEARCH
document IMAGES-008-HOUSE_OVERSIGHT_025554.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Morgan Stanley | RESEARCH Alternative Asset Managers NORTH AMERICA INSIGHT | ¥ Can Alts Unlock Value with C-Corp Conversions ? e think APO could unlock the most value by converting to a C-corp with 26% in our upside case vs. -14% in our downside case. ARES could be the firs...

Re: I look forward to hearing from you
email TEXT-001-HOUSE_OVERSIGHT_026162.txt Aug 25, 2017 House Oversight Committee — Epstein Estate Records (Nov 2025)

From: Stanley Rosenberg Sent: 8/25/2017 10:13:23 AM To: jeffrey E. [[email protected]] Subject: Re: I look forward to hearing from you Importance: High I am free today after 8 o'clock a. m. EST until 3 p.") Sent from my iPhone On 25 Aug 2017, at 09.49, jeffrey E. <jeevacation...

Morgan Stanley | researcs NORTH AMERICA INSIGHT 2
document IMAGES-008-HOUSE_OVERSIGHT_025551.txt Jan 30, 2018 House Oversight Committee — Epstein Estate Records (Nov 2025)

Morgan Stanley | researcs NORTH AMERICA INSIGHT 2 January 30, 2018 05:01 AM GMT Alternative Asset Managers Can Alts Unlock Value with C-Corp Conversions ° We think APO could unlock the most value by converting to a C-corp with 26% in our upside case vs. -14% in our downside c...

They say that you can read a person’s feelings on his face. But if so, either
document TEXT-001-HOUSE_OVERSIGHT_027849.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ions and arguments and infighting can be fatal.” Philip recommended one professional, in particular, to get us started: Stanley Greenberg, the pollster who had advised not only Blair’s campaign, but Clinton’s. Doron used his contacts in New York to put us in touch not only with G...

Re: | look forward to hearing from you
email IMAGES-012-HOUSE_OVERSIGHT_033016.txt Aug 25, 2017 House Oversight Committee — Epstein Estate Records (Nov 2025)

From: jeffrey E. [[email protected]] Sent: 8/25/2017 12:11:54 PM To! Stanley Rosenber< Subject: Re: | look forward to hearing from you now? On Fri, Aug 25, 2017 at 6:13 AM, Stanley Rosenberg a 0: I am free today after 8 o'clock a. m. EST until 3 p.") Sent from my iPhone...

Re: | look forward to hearing from you
email IMAGES-008-HOUSE_OVERSIGHT_026162.txt Aug 25, 2017 House Oversight Committee — Epstein Estate Records (Nov 2025)

From: Stanley Rosenberg Sa | Sent: 8/25/2017 10:13:23 AM To: jeffrey E. [[email protected]] Subject: Re: | look forward to hearing from you Importance: — High I am free today after 8 o'clock a. m. EST until 3 p.") Sent from my iPhone On 25 Aug 2017, at 09.49, jeffrey E. <j...

Morgan Stanley | ®esearcs NORTH AMERICA INSIGHT
document IMAGES-008-HOUSE_OVERSIGHT_025580.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Morgan Stanley | ®esearcs NORTH AMERICA INSIGHT Brokers & Asset Managers Comps Sheet Exhibit 50: Brokers & Asset Managers Comps Sheet Brokers & Asset Managers 26/Jan/18 EPS As % Dividend Earnings Per Share (EPS) © CAGR (%) Price/Earnings (P/E) EV/ EBITDA of AuM Yield (%) LTM N...