Results for “BofA ML Global Research”

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…er fiscal consolidation measures (VAT, etc) Likely forthcoming Direct and indirect negative impact on consumer Source: BofA Merrill Lynch Global Research Chart 25: Private sector average monthly wages are increasing Chart 26: Wedge between Saudi and non-Saudi private sector sal...

…$3.4 Phase 2 600 2,682 805 $2.5 Payara spec Total 1,625 9,742 2,923 $9.0 Guyana Total 3,250 22,753 6,826 $21.1 Source: BofA Merrill Lynch Global Research estimates; Hess shares fully dluted 324.2mm shares after prefernce convert Note that at current strip oil prices of ~$55 Bre...

… have largely been at Asda’s expense 8.3% 7.8% 7.3% ——Retail EBITDA margin 6.8% PP FF FF gh gh gh gh gr gh gh Source: BofA Merrill Lynch Global Research, Bloomberg, Datastream, IBES Chart 68: Retail is expensive on a range of metrics Tesco Aldi Lidl Waitrose Morrisons Sains...

…) 0.80 ——— German 10y (RHS, inverted) 40 0.95 01/10 01/11 O12 0193 0194 O15 01/16 01/08 01/10 01/12 01/14 01/16 Source: BofA Merrill Lynch Global Research, Datastream, IBES Source: BofA Merrill Lynch Global Research, Datastream, IBES UK —- Waiting for Brexit It’s useful to thin...

…F 1Q20E 2020E 4Q21E 3Q22E m Guyana m Utica m NMB Valhall m Stampede gJDA mEG m Other GoM mOther/base mBakken Source: BofA Merrill Lynch Global Research estimates Critically, Hess has multiple levers to pull that reverse production declines as cash becomes available from compl...

…HealthCare = a Basics oo. / -20 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Relative PE - percentile since 1999 Source: BofA Merrill Lynch Global Research, Datastream, IBES Chart 48: Financials valuations have recovered significantly relative to Chart 49: Rapid relative de-rating...

…/1/2016 10/26/2016 += 11/20/2016 += 12/15/2016 + —1/9/2017 2/3/2017 = 5y real yields (%) = ===~=5y infl BE (%) Source: BofA Merrill Lynch Global Research The effect of the divergence between real yields and inflation breakevens has been felt across financial markets. For exampl...

G@i=— COWEN WASHINGTON ~——-:« RESEARCH GROUP COLLABORATIVE INSIGHTS February 25, 2019 m Cannabis COWEN RESEARCH Cowen Research 646 562 1330 [email protected] Vivien Azer 646 562 1351 [email protected] John Blackledge 646 562 1359 [email protected] Andre...

… 0 2013 2014 2015 2016 2012 2013 2014 2015 2016 mms Net Dollar position ———=MXN mmm spread —=—‘1y TIIE -—=—=ONR Source: BofA Merrill Lynch Global Research, Bloomberg Source: BofA Merrill Lynch Global Research, Bloomberg Notable Rates and FX Research * Global Rates & Currencies 2...

… {60 - 150 150 een PEN (ths lanatl2 =100) 2010 2011 + 2012»««-2013-S-2014-=S 20152016 2012 2013 2014 2015 2016 Source: BofA Merrill Lynch Global Research, Bloomberg, Haver Source: BofA Merrill Lynch Global Research, Bloomberg 40 Global Rates, FX & EM 2017 Year Ahead | 16 Novemb...

Department of Economics, Harvard University, v. November 9,2009 Economics 1545: International Financial and Macroeconomic Policy Professor Kenneth Rogoff Time and Place: Fall 2009; M, W, 1-2:30 pm., Sever Hall 203 Office Hours: Littauer Center 216. Mondays 3-4 PM, or by appointme...

From: jeffrey E. [[email protected]] Sent: 11/6/2016 8:32:09 PM To: Peter Mandelson Subject: Re: trump/ and having agreat deal of fun. in hindsight. you were right about staying away from andrew. I was right in your staying with rinaldo On Sun, Nov 6, 2016 at 9:30 PM, Peter M...

…arily a bottoms-up approach, with calendar-specific events noted for most stocks. We constructed our list by canvassing BofAML Fundamental Equity Research analysts in order to find 10 BofAML-covered stocks which we think will significantly outperform or underperform peers during...

…t 7.25) = Forecast change vs SDR, % (Same volatility and USD/CNY at 7.25) Forward implied change by end-2017, % Source: BofA Merrill Lynch Global Research, Bloomberg Source: BofA Merrill Lynch Global Research, Bloomberg Can bond and equity inflows save the day? Not in the near t...