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Chart 40: Volatility measures of major Asian indices (data as of 02-Jun-17)
document IMAGES-007-HOUSE_OVERSIGHT_023594.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…e from the US$14bn of HSCEI-linked legacy products issued between Apr-15 and Jul-15 that have not knocked-out. deg oes Bankof America 20 Global Equity Volatility Insights | 06 June 2017 Merrill Lynch HOUSE_OVERSIGHT_023594

Chart 55: What would get you more interested in investing in GS stock?
document IMAGES-002-HOUSE_OVERSIGHT_014350.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…on (10%), and more operating leverage (5%), while nobody said longer term FX hedged would get them more interested. ea Bankof America 36 2016 Future of Financials Conference | 17 November 2016 Merrill Lynch HOUSE_OVERSIGHT_014350

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)

…ons Bank, Signature Bank, SunTrust Banks, SVB Financial, Synovus, TCF, Texas Capital, U.S. Bancorp, wn ee) ict} =) A Bankof America Merrill Lynch 2016 Future of Financials Conference | 17 November 2016 79 HOUSE_OVERSIGHT_014393

We use an equal weighted, three-factor valuation framework (P/E, P/TBV, DCF) to arrive
document IMAGES-002-HOUSE_OVERSIGHT_014387.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…orporate structure that limits shareholder control, a limited float, and share lock-ups that could weigh on the stock. Bankof America Merrill Lynch 2016 Future of Financials Conference | 17 November 2016 73 HOUSE_OVERSIGHT_014387

Underweight Retail
document IMAGES-003-HOUSE_OVERSIGHT_014490.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…005 2006 2007 2008 2009 2011 2012 2013 2014 2015 2016 oO Qo N Source: BofA Merrill Lynch Global Research, Datastream Bankof America Merrill Lynch European Equity Strategy |01 December 2016 31 HOUSE_OVERSIGHT_014490

1Q Internet Summary Previews
document IMAGES-003-HOUSE_OVERSIGHT_014889.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…d YELP Revenue $201 $198 EPS $0.18 $0.16 Ahead Source: BofA Merrill Lynch Global Research, Bloomberg, as of 4/4/2017 Bankof America Merrill Lynch Internet/e-Commerce | 06 April 2017 HOUSE_OVERSIGHT_014889

In other words, 2Q17 marks the low point in oil and gas production, with
document IMAGES-003-HOUSE_OVERSIGHT_014876.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…timates given visibility that barely looks past 2018. However, with first oil now likely 4 —— Hess Corp.| 11 April 2017 Bankof America “> Merrill Lynch HOUSE_OVERSIGHT_014876

Related BofAML research on US tax reform
document IMAGES-007-HOUSE_OVERSIGHT_023090.txt Jan 18, 2017 House Oversight Committee — Epstein Estate Records (Nov 2025)

… road to recovery 04 January 2017 Healthcare: 2017 — the year ahead: the only constant is change 15 December 2016 : : Bankof America 22 Equity Strategy Focus Point | 29 January 2017 Merrill Lynch HOUSE_OVERSIGHT_023090

US - Electric Utilities Coverage Cluster
document IMAGES-003-HOUSE_OVERSIGHT_014641.txt Jan 3, 2017 House Oversight Committee — Epstein Estate Records (Nov 2025)

…ise Group Inc. PEG PEG US Brian Chin Southern Company SO SOUS Brian Chin 20 Top 10 US Ideas Quarterly | 03 January 2017 Bankof America “> Merrill Lynch HOUSE_OVERSIGHT_014641