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US - Internet Coverage Cluster
document IMAGES-003-HOUSE_OVERSIGHT_014642.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

US - Internet Coverage Cluster BofA Merrill Lynch Investment rating Company ticker Bloomberg symbol Analyst BUY Alphabet GOOGL GOOGL US Justin Post Alphabet GOOG GOOG US Justin Post Amazon.com AMZN AMZN US Justin Post Bankrate RATE RATE US Nat Schindler eBay EBAY EBAY US Justin...

Price objective basis & risk
document IMAGES-003-HOUSE_OVERSIGHT_014939.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…year to grow given high churn, 2) competition from SitterCity and Homestead, and 3) new care offerings Bankof America Merrill Lynch Internet/e-Commerce | 06 April2017 53 HOUSE_OVERSIGHT_014939

Expedia (Buy, $146 PO)
document IMAGES-003-HOUSE_OVERSIGHT_014905.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…decelerated 30bps to 3.0% y/y, and European RevPAR through February accelerated 600bps q/q to 3.6% y/y Bankof America Merrill Lynch Internet/e-Commerce | 06 April2017 19 HOUSE_OVERSIGHT_014905

Citigroup Inc. (C)
document IMAGES-002-HOUSE_OVERSIGHT_014380.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…tential takeout above our price objective. 66 2016 Future of Financials Conference | 17 November 2016 Bankof America 2 Merrill Lynch HOUSE_OVERSIGHT_014380

this report or its contents
document IMAGES-002-HOUSE_OVERSIGHT_014431.txt Nov 14, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

this report or its contents. Bankof America 8 Japan Macro Watch | 14 November 2016 Merrill Lynch HOUSE_OVERSIGHT_014431

Historic energy sector liberalization
document IMAGES-003-HOUSE_OVERSIGHT_016120.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ier to the US and was achieved through the buying of stakes in refineries in 1988. 10 GEMs Paper #26 | 30 June 2016 3S Merrill Lynch HOUSE_OVERSIGHT_016120

GrubHub (Buy, $49 PO)
document IMAGES-003-HOUSE_OVERSIGHT_014910.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ure rather than an ongoing, longer-term focus for management. 24 Internet/e-Commerce | 06 April 2017 Bankof America <2 Merrill Lynch HOUSE_OVERSIGHT_014910

Cullen/Frost Bankers Inc (CFR)
document IMAGES-002-HOUSE_OVERSIGHT_014381.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…terest rate environment, expensive M&A and slower than guided loan growth on weaker economic activity. Bankof America Merrill Lynch 2016 Future of Financials Conference | 17 November 2016 67 HOUSE_OVERSIGHT_014381

Rotation trade — valuations have moved a long way
document IMAGES-003-HOUSE_OVERSIGHT_014482.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…n in 2010 and 2014 — but those would still allow for healthy 25-30% valuation premiums to the market . Bankof America Merrill Lynch European Equity Strategy |O1 December 2016 23 HOUSE_OVERSIGHT_014482

Repatriation impact
document IMAGES-007-HOUSE_OVERSIGHT_023092.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…a particular year, we exclude the tax rate of that BankofAmerica <2” 24 Equity Strategy Focus Point | 29 January 2017 Merrill Lynch HOUSE_OVERSIGHT_023092