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humor and trump and evolutionary logic
email IMAGES-012-HOUSE_OVERSIGHT_033169.txt Sep 26, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

From: ee Sent: 9/26/2016 8:59:46 PM To: Ej [email protected]; Subject: humor and trump and evolutionary logic Importance: — High was pleased that Robert Lynch's work and my own were cited in a Nation article on the lack of humor of our Republican standard bearer https: //w...

Options Risk Statement
document IMAGES-008-HOUSE_OVERSIGHT_026001.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Options Risk Statement Potential Risk at Expiry & Options Limited Duration Risk Unlike owning or shorting a stock, employing any listed options strategy is by definition governed by a finite duration. The most severe risks associated with general options trading are total loss...

Government arrears to contractors could be significant
document IMAGES-003-HOUSE_OVERSIGHT_016139.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Government arrears to contractors could be significant We estimate the range of unpaid capex for 2015 to be SAR23bn-SAR100bn (US$6bn- USS$27bn or 1-4.3% of 2015 GDP). At the very minimum, unpaid capex could be around SAR23bn. This is the amount of additional loans taken out by c...

3 risks — reality vs hope, higher yields, politics
document IMAGES-002-HOUSE_OVERSIGHT_014428.txt Nov 14, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

3 risks — reality vs hope, higher yields, politics The biggest risk to our view is that actual US fiscal easing turns out to be minimal. But we believe the USD/JPY’s move will be quicker than whatever reality emerges in coming months. China’s unexpected RMB devaluation or any ex...

Analyst Certification
document IMAGES-008-HOUSE_OVERSIGHT_026000.txt Aug 9, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

Analyst Certification |, Benjamin Bowler, hereby certify that the views expressed in this research report accurately reflect my personal views about the subject securities and issuers. | also certify that no part of my compensation was, is, or will be, directly or indirectly, re...

1) Upturn in inventory cycle: Defensives—Cyclicals
document IMAGES-002-HOUSE_OVERSIGHT_014400.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

1) Upturn in inventory cycle: Defensives—Cyclicals We expect cyclicals to outperform defensives, premised on our end-2017 $/¥ estimate of ¥120, and this is supported by our above-consensus economic growth outlook. Our Japan economist sees a shift to fiscal easing, firms counteri...

Attachments
email TEXT-001-HOUSE_OVERSIGHT_016413.txt Jan 15, 2019 House Oversight Committee — Epstein Estate Records (Nov 2025)

From: Sent: To: Subject: Attachments: Morris, Paul V 1/15/2019 4:44:33 PM jeffrey E. [[email protected]] Opportunity Zones image001.jpg; image002.jpg; image003.jpg; image004.jpg Importance: High Hope all well, are you doing anything around these or clients? In a former wareho...

Notes from Aspen Strategy Group
document TEXT-001-HOUSE_OVERSIGHT_025797.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Notes from Aspen Strategy Group US Policy on Arab Revolutions TJP summary: Plenty of different opinions on what was done right and wrong. No consensus. Indyk: syria will spill into Bahrain and KSA (Saudi). We should have moved earlier. KSA is a BFD. Feaver (ex Bush): BO'...

Zillow (Buy, $42 PO)
document IMAGES-003-HOUSE_OVERSIGHT_014934.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Zillow (Buy, $42 PO) Stock view: controversy sounding the mortgage business While we still expect Zillow’s core business to have a solid quarter on product improvements, the self-serve platform, and its recent Seller Boost product, the controversy surrounding Zillow’s mortgage...

Snap (Neutral, $25 PO)
document IMAGES-003-HOUSE_OVERSIGHT_014920.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Snap (Neutral, $25 PO) Stock view: Long-term potential, but near-term could be lumpy Snap will report its first earnings as a public company and expectations have a wide range. The 2H16 DAU slowdown has raised concerns in terms of both competitive risk and execution, so user tr...

Alphabet (Buy, $1,025 PO)
document IMAGES-003-HOUSE_OVERSIGHT_014897.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Alphabet (Buy, $1,025 PO) Stock view: Expect solid 1Q revs., but loss of non-GAAP reconciliation a concern New concerns have been raised on the YouTube advertiser pullback, but with the cuts in spending surfacing primarily in the back half of March, we anticipate only modest imp...

Highest sentiment: FB, WIX, and TREE; Lowest: FIT, TRIP, and TWTR
document IMAGES-003-HOUSE_OVERSIGHT_014895.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Highest sentiment: FB, WIX, and TREE; Lowest: FIT, TRIP, and TWTR Based on our sentiment ranking index, Facebook, Wix, and LendingTree have top investor sentiment pre 1Q earnings. Facebook moved into first place from fourth due to the lowest short interest as % of float, second...

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

a registered securities dealer under the Financial Instruments and Exchange Act in Japan; is distributed in Hong Kong by Merrill Lynch (Hong Kong)

Mr. Lynch Said If Some Sort Of Arrangement Could Be Reached Today
document Mr. Lynch said if some sort of arrangement could be reached today House Oversight Committee — Epstein Estate Records (Nov 2025)

his client would be in a position to pay within the next two weeks. Mr. Hoffman said he was concerned because he believed that when the case was originally heard

Iqcustom®
document iQcustom® House Oversight Committee — Epstein Estate Records (Nov 2025)

iQdatabase® are registered service marks of Bank of America Corporation. This research report is prepared for the use of BofA Merrill Lynch clients and may not be redistributed