Results for “BofA Merrill Lynch Global Research”

BofA Merrill Lynch clients. Neither the information nor any opinion

…elated to the 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 Dou...

…22 24 6 1 9 7 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

Table 32: Zillow estimate summary 1Q17 2017 2017 2018 Revenue BofAML est. $239 $261 $1,062 $1,307 Growth Y/Y% 25% 23% Street $236 $257 $1,048 $1,258 BofAML vs. Street Above Above Above Above EBITDA BofAML est. $40 $51 $215 $313 Street $39 S46 $211 $298 BofAML vs. Street Above Ab...

…vvy brands enable 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...

…A: 34% 29% 4Q13 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 MA...

…ner with these likely take market share away _ offer anything proprietary new players from traditional lenders Source: BofA Merrill Lynch Global Research = Possible tailwind from regulation: Management at Regions noted that while it is still uncertain how the regulatory landsca...

…ers by share of claims (1H15) 28% 25% 4% T% 20% 16% mBupa Arabia = Tawuniya mMedguif mMalath mAxa © Other Source: BofA Merrill Lynch Global Research, CCHI OS merrill Lynch GEMs Paper #26 | 30 June 2016 57 HOUSE_OVERSIGHT_016167

…term of the contract NMC is to train government staff to which it will hand over administration at expiration. Source: BofA Merrill Lynch Global Research, company report Private groups may lack capacity to undertake such contracts The private hospital groups in Saudi Arabia ar...

… Health @ Transport 10.44% Communication @ Recreation and culture Education = Restaurants and hotels Source: Haver, BofA Merrill Lynch Global Research Subsidies account for 15% of Almarai’s net income; 40% are related to poultry Almarai continues to receive subsidies from th...

…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...

…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...

… 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,...