Our Scans · (FS.1.00) Investment Banking · Weekly Summary

• [New] Investment bank Goldman Sachs predicts that Europe will need to invest up to €3 trillion in power generation and infrastructure over the next decade, double what it spent in the prior decade. Energy Musings
• [New] Economists at Deutsche Bank expect the median official to expect just one more quarter-point rate cut per year through 2027. Investopedia
• [New] JPMorgan Chase projects investment-grade issuance to exceed $800 billion in 2026, with significant contributions from tech firms. / USA Mortgage News Daily
• [New] Companies are increasingly bypassing traditional utilities with behind-the-meter solutions, partnering with oil majors like Chevron to leverage abundant natural gas, which Goldman Sachs predicts will fuel 60% of new data center power. / USA Marcellus Drilling News
• [New] Up to €3bn in funding will be mobilised within the next 12 months, with €2bn a year made available by the European Investment Bank in the form of loans, venture debt and private debt plus financing such as loans already issued to a Finnish lithium mine project Keliber. The Guardian
• [New] Deutsche Bank is going a step further, rolling out AI banking butlers for clients, enabling voice-enabled, contextual conversations that manage not just queries - but full servicing workflows. FinExtra
• [New] Fuel supply chains strengthened with U.S. DOE pilots, and Morgan Stanley projects $2.2 trillion in nuclear value chain investments by 2050 - a 46% increase from prior estimates. Energy News Beat
• [New] Goldman Sachs Global Investment Research expect S&P 500 profits to rise by about 9% in 2025 and 14% next, while small-cap earnings are also improving. Highland Peak Wealth
• [New] Major U.S. banks, including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo, are rated as overvalued, and while they might benefit from Fed rate cuts, an economic slowdown could lead to rising default rates and loan losses. The Chronicle-Journal
• UBS recently raised its bullion price target to $4,500 per ounce by mid-2026. Yahoo Finance
• Goldman Sachs analysts expect gold prices to rise to $4,900 by the end of 2026. Yahoo Finance
• Short-term forecasts from institutions like Morgan Stanley and J.P. Morgan Research anticipate prices to average between $3,675 and $4,400 per ounce, potentially climbing towards $5,000 by mid-2026. International Business Times
• Analysts at Goldman Sachs warn that the current contributions of AI to GDP are likely understated; however, the actual economic benefit remains modest, and future risks remain high. investing.com
• Morgan Stanley Wealth Management will leverage iCapital's blockchain-powered technology to standardize trade workflows and enhance data transparency for subscription onboarding of alternative investment funds. Yahoo Finance
• Deutsche Bank recently warned of an AI funding gap based on Bain Capital estimates of a US$ 800 billion mismatch between projected AI revenues and the investment in chips, data centers and power that would be needed to keep current growth going. The Conversation
• Goldman Sachs projects that AI capital expenditures from major US tech companies to remain durable in 2026. investing.com
• After two years of S&P 500 gains exceeding 25%, Morgan Stanley expects more muted returns in 2025, but warns that a critical shift in artificial intelligence investment could change that trajectory. Ainvest

Last updated: 11 December 2025