Results for “BofA Merrill Lynch”

…p 20y ———‘y20y Volatility (RHS) (bp}y 1 50 08 40 06 30 04 02 ad 0 10 -0.2 0 Nov-15 Feb-16 May-16 Aug-16 Nov-16 Source: BofA Merrill Lynch Global Research BankofAmerica <2” 46 Global Rates, FX & EM 2017 Year Ahead | 16 November 2016 . Merrill Lynch HOUSE_OVERSIGHT_014776

…71 Price $46.95 P/E (2017) 32.5x % of sell-side rated Buy 14.3% Short interest % of float 10.30% Source: Bloomberg and BofA Merrill Lynch Global Research estimates BankofAmerica <2” 14 Top 10 US Ideas Quarterly | 03 January 2017 Merrill Lynch HOUSE_OVERSIGHT_014635

…899 Price $74.15 P/E (2017) 20.1x % of sell-side rated Buy 35.3% Short interest % of float 1.75% Source: Bloomberg and BofA Merrill Lynch Global Research estimates Deregulation/Gov't Legislation: 60% of TXN’s sales are exposed to the industrial, automotive, and communications e...

…Investing to drive Additional expense backdrop and ability to return improving returns reductions more capital Source: BofA Merrill Lynch Global Research « Management focused the presentation on Marcus, Goldman’s new consumer lending effort. This venture has significant potenti...

…malization in the rest of the prices could lead to an to reserve reversals book elevated level of provisioning Source: BofA Merrill Lynch Global Research = Mortgage growth to continue despite a downshift in activity: Management was optimistic on the outlook for both its mortgag...

Table 11: Amazon Estimate Summary 1Q17 2017 2017 2018 Revenue BofAML est. $35,335 $36,784 $164,532 $194,826 Growth Y/Y% 21% 21% 21% 18% Street $35,255 $36,815 $165,158 $199 387 BofAML vs. Street Above Below Below Below EBITDA BofAML est. $4,153 $4 626 $18,246 $22,022 Street $4,0...

…nt allocation for select firms Exhibit 2: Offshore money fund USD asset holdings (Sbn) as of 9/30/16 (see footnote) per BofAML Rates team (as published 12/9/2016) — —_— . is AGENCY, Allocation* $0.28 ; i = Cash & MMF 8% CP &CD 5% Repo, Tsy & Agy 35% Corporate 36% Non-US Sov...

US - Electric Utilities Coverage Cluster BofA Merrill Lynch Investment rating Company ticker Bloomberg symbol Analyst BUY American Electric Power AEP AEP US Brian Chin American Water Works AWK AWK US Brian Chin Black Hills Corporation BKH BKH US Brian Chin Dominion Resources D D...

…P 8.8 n 0 88 00% Real Estate SX86P 1.9 n 0 1.9 00% Technology SX8P 3.8 n 0 3.8 00% Telecomm SXKP 41 n 0 44 00% Source: BofA Merrill Lynch Global Research, Bloomberg Reflation rotation - tactically got very stretched Over the last two weeks we cut our weightings in Basic Resour...

…rience in FX markets and the financial resources to absorb any losses arising from applying these ideas or strategies. BofA Merrill Lynch does and seeks to do business with issuers covered in its research reports. As a result, investors should be aware that the firm may have a c...

…diversification from Amore simplified structure and growth improving margin fixed income flows increased float Source: BofA Merrill Lynch Global Research « AB has seen and expects to continue to see above average organic growth (ex 3Q which was weighed down by lumpy institution...

…ased visibility on reduced tax complexity attractive credit return the business model the distribution outlook Source: BofA Merrill Lynch Global Research ¢ — If comprehensive tax reform includes an elimination of carried interest tax, potentially moving to an ordinary income ra...

…l spreads Hans Mikkelsen Credit Buy basket of Euro AT1s Barnaby Martin Long Xover short Main loannis Angelakis Source: BofA Merrill Lynch Global Research. For the full methodology and reference pricing please see Appendices. New trades in bold. Themes Long Cyclicality « Long A...

… construction that — Labor fiduciary human in volatile structure interface platform — outperforms rule markets Source: BofA Merrill Lynch Global Research ¢ Finally, all of the panel participants believe that the DOL Fiduciary Rule will not be repealed by the new administration,...

…this report is prohibited. This report is intended for [email protected] Hess Corp. Inflection point: adding Hess to BofAML’s US 1 ‘best ideas’ list Reiterate Rating: BUY | PO: 80.00 USD | Price: 49.97 USD Short interest ratio: catalyst for recovery Over the past six month...