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First Bancorp Puerto Rico (FBP)
document IMAGES-002-HOUSE_OVERSIGHT_014382.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… improvement in the efficiency ratio, 2} BankofAmerica <2” 68 2016 Future of Financials Conference | 17 November 2016 Merrill Lynch HOUSE_OVERSIGHT_014382

Analyst Certification
document IMAGES-003-HOUSE_OVERSIGHT_014495.txt Dec 1, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…mmendations or view expressed in this research report. ; Bankof America 36 European Equity Strategy | 01 December 2016 Merrill Lynch HOUSE_OVERSIGHT_014495

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

…everage, 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

Refiners: What’s going on with Refining in 2017: potential benefits in a Trump
document IMAGES-007-HOUSE_OVERSIGHT_023091.txt Jan 5, 2017 House Oversight Committee — Epstein Estate Records (Nov 2025)

…tilities: 2017 Year Ahead: Washington DC will likely cast a long shadow on utilities 06 January 2017 Bankof America <> Merrill Lynch Equity Strategy Focus Point | 29 January 2017.23 HOUSE_OVERSIGHT_023091

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

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

Mr. Ochstein Remarked That The Fine Was Around $35
document Mr. Ochstein remarked that the fine was around $35 House Oversight Committee — Epstein Estate Records (Nov 2025)

000 and the house was on the market for $10.6 million dollars so he did not see the hardship. Mr. Lynch said he did not know the price but he would accept Mr. Ochstein’s statement on that. Mr. Lynch said the hardship was in the imposition of the fine itself