According to BlockBeats, BitMine Chairman Tom Lee has highlighted positive developments in the financial services sector. Lee noted that financial services companies are poised to benefit significantly from advancements in artificial intelligence and the application of blockchain technology. These innovations are expected to reduce the industry's reliance on human labor.
Lee anticipates that large, technology-driven banks may experience profit margin expansion, aligning their performance more closely with that of tech stocks. He suggested that major financial institutions like JPMorgan Chase and Goldman Sachs could emerge as the next leading giants in the U.S. stock market.