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

Merrill Lynch Kingdom of Saudi Arabia Company

Global Sector Positioning
document IMAGES-007-HOUSE_OVERSIGHT_024207.txt Feb 12, 2013 House Oversight Committee — Epstein Estate Records (Nov 2025)

Global Utility White Paper CONFIDENTIAL Global Sector Positioning Tech Industrials Insurance Pharma Discretionary Materials Energy Banks Staples . Substantially Telecoms underweight Utlites -40 -35 -30 -25 -20 “15 “10 5 +0 +5 +10 +15 +20 225 +30 +35 <= underweight // overwei...

see the most uplift in spending from any potentially large fiscal stimulus and
document IMAGES-003-HOUSE_OVERSIGHT_014635.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…equipment spending trends; (3) Larger than expected slowdown in North America automotive unit production Company Description: Texas Instruments is a broad-based supplier of semiconductor components, ranging from digital signal processors, to high-performance analog components, t...

significant credit issues for the banks as weaker firms (who are clients) will be better
document IMAGES-003-HOUSE_OVERSIGHT_014634.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ld derail IPO activity and 3) disappointment on the pace of policy actions under the new administration. Company Description: SVB Financial Group is a financial holding company that serves companies in the technology, life science, venture capital, private equity and premium win...