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Table 8: Combined metric rankings
document IMAGES-003-HOUSE_OVERSIGHT_014896.txt Apr 6, 2017 House Oversight Committee — Epstein Estate Records (Nov 2025)

… 7 QUOT 3 17 22 3 24 21 7 FIT 21 2 25 22 N/A 25 9 TRIP 8 23 21 23 20 6 20 TWIR 6 22 19 24 23 24 21 Source: BofA Merrill Lynch Global Research, Bloomberg, as of 4/4/2017 10 Internet/e-Commerce | 06 April 2017 Bankof America “> Merrill Lynch HOUSE_OVERSIGHT_014896

Price objective basis & risk
document IMAGES-003-HOUSE_OVERSIGHT_014882.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… specific recommendations or view expressed in this research report. US - Large Cap Oils Coverage Cluster BofA Merrill Lynch Investment rating Company ticker Bloomberg symbol Analyst BUY Anadarko Petroleum Corp. APC APC US Doug Leggate Chevron Corp. CVX CVX US Doug Leggate Con...

Chart 3: Decomposition of performance of 1) S&P 500 stocks exposed to fiscal stimulus* and 2) top
document IMAGES-007-HOUSE_OVERSIGHT_023074.txt Aug 21, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…mulus beneficiaries in 150 stocks with exposure to the Fiscal Stimulus theme 21 Aug. 2016 Source: FactSet, BofA Merrill Lynch US Equity & US Quant Strategy Potential beneficiaries: See Table 19 at the end of this report for a screen of domestically-oriented companies with high e...

Mission Inn Hotel and Spa
document TEXT-001-HOUSE_OVERSIGHT_017526.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…a Los Angeles; City College of New York, and Dean, Cal Poly School of Design); urban designer (recipient of MIT’s Kevin Lynch award in urban design); graphic designer (AIGA Gold Medal, membership in AGI and inducted into the Art Directors Hall of Fame); information theorist (Info...

Table 32: Zillow estimate summary
document IMAGES-003-HOUSE_OVERSIGHT_014935.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… $0.06 $0.11 $0.48 $0.89 Street $0.05 $0.07 $0.44 $0.80 BofAML vs. Street Above Above Above Above Source: BofA Merrill Lynch Global Research estimates Zillow has effectively captured the online U.S. real estate market, allowing them to accelerate monetization and access to a la...

comp, but overall demand remains robust. Instagram feedback was notably positive
document IMAGES-003-HOUSE_OVERSIGHT_014909.txt Apr 4, 2017 House Oversight Committee — Epstein Estate Records (Nov 2025)

…t. 0.94 $1.17 $4.86 $6.02 Street 0.86 $1.06 $4.45 $5.76 BofA ML vs Street Above Above Above Above Source: BofA Merrill Lynch Global Research estimates, Bloomberg, as of 4/4/2017 Our $165 price objective is based on 24x our non-GAAP 2018E EPS and 27x GAAP EPS, multiples equal to...

Chart 78: What do you believe will be the structure of the payments industry in 5-7 years?
document IMAGES-002-HOUSE_OVERSIGHT_014367.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…able by innovative operating through tech companies tech companies traditional payments providers Source: BofA Merrill Lynch Global Research « Panelists highlighted that while recent innovations in faster payment transfers have been focused on P2P applications, the B2B opportun...

Table 12: Selected drivers of Saudi consumer
document IMAGES-003-HOUSE_OVERSIGHT_016138.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…solidation measures (VAT, etc) Likely forthcoming Direct and indirect negative impact on consumer Source: BofA Merrill Lynch Global Research Chart 25: Private sector average monthly wages are increasing Chart 26: Wedge between Saudi and non-Saudi private sector salaries SARImo...

2017: a good year for domestic demand
document IMAGES-002-HOUSE_OVERSIGHT_014414.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…15 2016 2017 2018 mama Private demand meee Public demand mmm Net exports ===Real GDP growth %YoY Source: BofA Merrill Lynch forecasts, CAO 1. Consumer comeback Households have been the noticeable laggard in the current recovery and the main reason why Japan’s economy has bare...

Chart 10: 2017 expense forecast now reflected in estimates; potential for favorable revisions ahead
document IMAGES-003-HOUSE_OVERSIGHT_014908.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…Q13 1014 2Q14 3014 4014 1Q15 2Q15 3015 4Q15 1016 2016 3016 4Q16 m2014 m2015 m2016 m2017 Source: Company, BofA Merrill Lynch Global Research Key theme/metric(s) for 1Q Underlying MAU and DAU trends are still the key metrics for the stock, in our view. We assume MAUs grow 16% y...

Director | Global Equities
document IMAGES-002-HOUSE_OVERSIGHT_014399.txt Nov 18, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

Amanda Ens Director | Global Equities Bank of America Merrill Lynch Merrill Lynch, Pierce, Fenner & Smith Incorporated Japan Investment Strategy Nikkei to 20,000: Inventory cycle upturn — cyclicals; inflation — banks, insurance Investment Strategy 18 November 2016 Key tak...

Pacific) Limited
document Pacific) Limited House Oversight Committee — Epstein Estate Records (Nov 2025)

…gulated by the Hong Kong Securities and Futures Commission (HKSFC) and the Hong Kong Monetary Authority (HKMA); Merrill Lynch (Singapore): Merrill Lynch (Singapore)

Merrill Lynch Kingdom of Saudi Arabia Company
document regulated by Comissao de Valores Mobiliarios; Merrill Lynch KSA Company House Oversight Committee — Epstein Estate Records (Nov 2025)

Merrill Lynch Kingdom of Saudi Arabia Company