Results for “Merrill Lynch Japan Securities Co., Ltd”

Bank of America Merrill Lynch Global Research. PIF = Public Investment Fund. GOSI = General Organization for Social Insurance. PPA = Public Pension Agency. Based on stock prices as of 28 June 2016.

…rofile, and a relatively challenging regulatory environment. This is offset slightly by a lower risk Bankof America <> Merrill Lynch Top 10 US Ideas Quarterly | 03 January 2017.15 HOUSE_OVERSIGHT_014636

…, and continuing near-term softness in the Macau market. Bankof America 16 Top 10 US Ideas Quarterly | 03 January 2017 Merrill Lynch HOUSE_OVERSIGHT_014637

…220 25,334 * For full definitions of sQnethod™ measures, see page 11. BankofAmerica <2” 2 Hess Corp. | 11 April 2017 Merrill Lynch HOUSE_OVERSIGHT_014874

…tent with the Fed modestly overshooting Bankof America 2 Global Cross Asset Strategy - Year Ahead | 30 November 2016 5 Merrill Lynch HOUSE_OVERSIGHT_014436

…difficult transition year as it builds it on-Demand service. BankofAmerica <2” 30 Internet/e-Commerce | 06 April 2017 Merrill Lynch HOUSE_OVERSIGHT_014916

…re that limits shareholder control, a limited float, and share lock-ups that could weigh on the stock. Bankof America Merrill Lynch 2016 Future of Financials Conference | 17 November 2016 73 HOUSE_OVERSIGHT_014387

US - Large Cap Oils Coverage Cluster BofA Merrill Lynch Investment rating Company ticker Bloomberg symbol Analyst BUY Anadarko Petroleum Corp. APC APC US Doug Leggate Cabot Oil & Gas Corp. COG COG US Doug Leggate ConocoPhillips COP COP US Doug Leggate Continental Resources Inc....

…head: the only constant is change 15 December 2016 : : Bankof America 22 Equity Strategy Focus Point | 29 January 2017 Merrill Lynch HOUSE_OVERSIGHT_023090

The power of global connections™ Bank of America a Merrill Lynch This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http...

… BofAML US Equity & Quant Strategy, S&P, Compustat BankofAmerica <2” 16 Equity Strategy Focus Point | 29 January 2017 Merrill Lynch HOUSE_OVERSIGHT_023084

…t our $85 price objective and assign a 1.6x multiple to our 2Q17E TBY, in line with multiples of other Bankof America Merrill Lynch 2016 Future of Financials Conference | 17 November 2016 69 HOUSE_OVERSIGHT_014383

… is the reason our estimates are currently below the street. BankofAmerica <2” 26 Internet/e-Commerce | 06 April 2017 Merrill Lynch HOUSE_OVERSIGHT_014912

Bank of America Merrill Lynch Awards Equity derivatives house of the year This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions availab...

…F&S +1 415 676 3575 [email protected] 82 2016 Future of Financials Conference | 17 November 2016 Bankof America 2 Merrill Lynch HOUSE_OVERSIGHT_014396