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EMEA - Utilities Coverage Cluster
document IMAGES-007-HOUSE_OVERSIGHT_023605.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

EMEA - Utilities Coverage Cluster BofA Merrill Lynch Investment rating Company ticker Bloomberg symbol Analyst BUY EDF ECIFF EDF FP Peter Bisztyga EDP EDPFY EDPFY US Harry Wyburd EDP ELCPF EDP PL Harry Wyburd EDP Renovaveis EDRVF EDPR PL Pinaki Das Enel ESOCF ENEL IM Harry Wyb...

Summary of Closed Trades (19-Jun-17)
document IMAGES-003-HOUSE_OVERSIGHT_014994.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… SX5E put spread, short SX7E call trade) to limit potential risk from a “Yes” in the Italian referendum Bankof America Merrill Lynch Global Equity Volatility Insights | 20 June 2017 = 23 HOUSE_OVERSIGHT_014994

Volatility in Europe
document IMAGES-003-HOUSE_OVERSIGHT_014980.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…riced higher, thus providing an interesting entry point for the (short-correlation) trade. Bankof America <> ; dee Ios Merrill Lynch Global Equity Volatility Insights | 20 June 2017 9 HOUSE_OVERSIGHT_014980

Ralf Preusser, CFA Herve Belmas
document IMAGES-003-HOUSE_OVERSIGHT_014758.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… 17bp of yield. We target a PNL of USS300K. Bankof America 28 Global Rates, FX & EM 2017 Year Ahead | 16 November 2016 Merrill Lynch HOUSE_OVERSIGHT_014758

priceline.com (PCLN)
document IMAGES-003-HOUSE_OVERSIGHT_014943.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…p), 2) macro- economic factors (e.g. recession in Europe) impacting the travel industry, 3) challenges Bankof America Merrill Lynch Internet/e-Commerce | 06 April2017 57 HOUSE_OVERSIGHT_014943

Summary of Closed Trades (5-Jun-1 7)
document IMAGES-007-HOUSE_OVERSIGHT_023599.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… SX5E put spread, short SX7E call trade) to limit potential risk from a “Yes” in the Italian referendum Bankof America Merrill Lynch Global Equity Volatility Insights |O6 June 2017. 25 HOUSE_OVERSIGHT_023599

Norfolk Southern (NSC)
document IMAGES-003-HOUSE_OVERSIGHT_014638.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…elley and Vivek Arya, hereby certify that the views each of us has expressed in this research report Bankof America <> Merrill Lynch Top 10 US Ideas Quarterly | 03 January 2017. 17 HOUSE_OVERSIGHT_014638

Jerry Wolman, 86. He owned the NFL’s Philadelphia Eagles team
document IMAGES-002-HOUSE_OVERSIGHT_013293.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… Aug. 8 of cancer. Lorraine Lodge, 52. She was a convertible bond specialist during a career in New York and London at Merrill Lynch, ING Barings and Nomura Holdings Inc. Died Aug. 8 of ovarian cancer in New York, where she lived. Lee Quo-wei, 95. The former chairman of Hong Ko...

starring in the hit TV show “Glee.” Died July 13 of a drug
document IMAGES-002-HOUSE_OVERSIGHT_013291.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ng in the hit TV show “Glee.” Died July 13 of a drug overdose. Herbert Allison Jr., 69. He was the former president of Merrill Lynch & Co., chairman and CEO of TIAA-CREF, CEO of Fannie Mae and led the U.S. government’s bank bailout program. Died July 14. Neal McCabe, 60. He w...

& Wealth Management
document IMAGES-009-HOUSE_OVERSIGHT_026825.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ry sectors. Prior to joining Deutsche Bank, Mr. Kelly held senior executive positions at both Charles Schwab & Co. and Merrill Lynch & Co, Inc. Before joining the private sector, Mr. Kelly served at the U.S. Securities and Exchange Commission as Chief Spokesman as well as the U....

Downside risks are: 1) integration risk from smartwatches and other wearables
document IMAGES-003-HOUSE_OVERSIGHT_014941.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… lead to lower PMC growth, the need to acquire competing sites to maintain growth or market share, and Bankof America Merrill Lynch Internet/e-Commerce | 06 April2017 955 HOUSE_OVERSIGHT_014941

Refining the reflation rotation
document IMAGES-002-HOUSE_OVERSIGHT_014461.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…al that has lagged badly and seen valuations de-rate. BankofAmerica <2” 2 European Equity Strategy | 01 December 2016 Merrill Lynch HOUSE_OVERSIGHT_014461

Notable trends and dislocations (Europe)
document IMAGES-003-HOUSE_OVERSIGHT_014982.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…orrelation now seems supported likely driven by the unwind of reflation trades (Chart 18). Bankof America <> ariective Merrill Lynch Global Equity Volatility Insights | 20 June 2017 11 HOUSE_OVERSIGHT_014982

Politics — populism in the Eurozone?
document IMAGES-002-HOUSE_OVERSIGHT_014475.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… all nature of French presidential elections. As James ; Bankof America 16 European Equity Strategy | 01 December 2016 Merrill Lynch HOUSE_OVERSIGHT_014475