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No interest tax shield
document IMAGES-007-HOUSE_OVERSIGHT_023085.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…r has a lot of leverage, there would likely be a pass through to customers in determining their allowed rate increase. Bankof America Merrill Lynch Equity Strategy Focus Point | 29 January 2017. 17 HOUSE_OVERSIGHT_023085

year from the median calculation. For companies with normalized tax rates of more than
document IMAGES-007-HOUSE_OVERSIGHT_023093.txt Jan 29, 2017 House Oversight Committee — Epstein Estate Records (Nov 2025)

…val of the net interest expense deduction from taxable income by multiplying the net interest expense by the tax rate. Bankof America <> Merrill Lynch Equity Strategy Focus Point | 29 January 2017. 25 HOUSE_OVERSIGHT_023093

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

… heavy volatility in the past, based on margin trends, and this volatility could increase due to economic uncertainty. Bankrate (RATE) Our $13 price objective is based on 9x our 2018E EV/EBITDA, a slight discount to the online lead-gen and marketplace peer group average of 11x....

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

… our DCF analysis by 20%. Near term, we view C's current market multiple as overly discounted, but expect money center banks will likely continue to trade at a discount to the regionals. Our 1x TBV multiple represents a 0.3x discount to our median multiple for our universe. Our...

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

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

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

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

…aluation levels. Given the tight link between relative valuations and bond yields in recent years the PE- relatives for Banks and Insurance have also recovered much more than would seem justified by the move in the German 10-year yield. The sectors do screen cheaper versus histor...

Filer's Name Page Number
document IMAGES-001-HOUSE_OVERSIGHT_010637.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ncome Type Income Amount (Part 2 - EXHIBIT A) Reference # 087 TRUMP MARKS WAIKIKI LLC N/A [391 Value reported reflects bank account holding only. Additional Underlying Asset: license deal with IRONGATE AZREP BW LLC - value not readily ascertainable. License holder, New York, NY...

and second of all -- so that's a rule of completeness, and
document IMAGES-001-HOUSE_OVERSIGHT_011417.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…the matter asserted. The next case is United States v. Dupree. That's another criminal case in this circuit, where a bank fraud defendant was the subject of a temporary restraining order issued to that defendant, okay? So, you know, he has a temporary restraining order, you c...

remaining defendants, who allegedly held more junior positions in foreign governments, was unclear.
document IMAGES-007-HOUSE_OVERSIGHT_023375.txt Sep 11, 2001 House Oversight Committee — Epstein Estate Records (Nov 2025)

…n Laden, Yeslam bin Laden, Dallah Avco Trans-Arabia Co. Ltd. (Dallah Avco), DMI Administrative Services, Faisal Islamic Bank, Saleh al Hussayen, Yousef Jameel, Abdulrahman bin Mahfouz, Khaled bin Mahfouz, National Commercial Bank (NCB), Abdullah al Obeid (Obeid), Abdullah al Rajh...

The Crooked Course Xxxi
document IMAGES-007-HOUSE_OVERSIGHT_023163.txt Sep 13, 1993 House Oversight Committee — Epstein Estate Records (Nov 2025)

…self-rule would be established, first gaining control over Gaza and Jericho, and then gradually expanding into the West Bank. The details of the expansion were to be hammered out in the so-called Oslo II Agreement, signed in Cairo on 28 September 1995. As unique and effective as...