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trailing Instagram and Facebook. Interestingly, after Snapchat passed Instagram in early
document IMAGES-003-HOUSE_OVERSIGHT_014921.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

….57 -$0.33 $0.00 BofA ML vs Street Above Below Below Below Above Source: BofA Merrill Lynch Global Research estimates, Bloomberg, as of 4/4/2017 Bankof America 2 Internet/e-Commerce | 06 April2017 35 Merrill Lynch HOUSE_OVERSIGHT_014921

comp, but overall demand remains robust. Instagram feedback was notably positive
document IMAGES-003-HOUSE_OVERSIGHT_014909.txt Apr 4, 2017 House Oversight Committee — Epstein Estate Records (Nov 2025)

…0.86 $1.06 $4.45 $5.76 BofA ML vs Street Above Above Above Above Source: BofA Merrill Lynch Global Research estimates, Bloomberg, as of 4/4/2017 Our $165 price objective is based on 24x our non-GAAP 2018E EPS and 27x GAAP EPS, multiples equal to about 1x 2018E revenue growth, m...

Highest sentiment: FB, WIX, and TREE; Lowest: FIT, TRIP, and TWTR
document IMAGES-003-HOUSE_OVERSIGHT_014895.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…9% 3.1 NA -271% TRIP 16% 5% -12% 29 -21% 11% TWIR 11% 3% -11% 25 -55% -1% Source: BofA Merrill Lynch Global Research, Bloomberg, as of 4/4/2017 mavilige 2 Internet/e-Commerce | 06 April 2017 9 HOUSE_OVERSIGHT_014895

No alpha from repatriation and multiples actually compressed
document IMAGES-007-HOUSE_OVERSIGHT_023077.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…triating Source: U.S. Senate Permanent Subcommittee on Investigations survey (for Top 15 repatriating stacks), FactSet, Bloomberg, BofA Merrill Lynch US Equity & US Quant Strategy stacks), FactSet, BofA Merrill Lynch US Equity & US Quant Strategy Post-repatriation cash use: will...

*For Some Companies
document *For some companies House Oversight Committee — Epstein Estate Records (Nov 2025)

…otal overseas cash may represent total accumulated overseas profits. Overseas cash based on BofAML analyst estimates or Bloomberg data from company disclosures.

From: J [[email protected]]
email IMAGES-012-HOUSE_OVERSIGHT_033145.txt May 19, 2019 House Oversight Committee — Epstein Estate Records (Nov 2025)

From: J [[email protected]] Sent: 5/19/2019 10:39:32 PM To: Weingarten, Reid [as https://www.bloomberg.com/news/articles/2019-05-19/the-world-agrees-with-trump-on-one-thing-when-it- comes-to-iran please note The information contained in this communication is confidential,...

Iran Threatens to Close the Strait of Hormuz Division
document IMAGES-009-HOUSE_OVERSIGHT_026952.txt Aug 6, 2018 House Oversight Committee — Epstein Estate Records (Nov 2025)

…l Research Service, August 6, 2018. 8 Source: Investment Strategy Group, Goldman Sachs Enterprise Risk Management, EIA, Bloomberg. HOUSE_OVERSIGHT_026952

underperformance -39%, QE2 -12%, QE3 -5%), which signals exhaustion of selling pressure as the
document IMAGES-007-HOUSE_OVERSIGHT_024208.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…pean | After every QE announcement, utilities have underperformed Po.son0| US Utilities Price/S&P 500 Price Source: Bloomberg 3. Regional Structural Changes Driving Alpha Opportunity Structural changes are occurring in all regions. Those in which Electron is currently inves...

Alex Flachsbart gives a presentation on opportunity zones in Athens, Alabama
document IMAGES-003-HOUSE_OVERSIGHT_016416.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Alex Flachsbart gives a presentation on opportunity zones in Athens, Alabama. Photographer: Nicole Craine/Bloomberg When he read about opportunity zones in a 2017 draft of the Tax Cuts and Jobs Act, his mind reeled. Here was an uncapped subsidy far more flexible than anything he...

Global economic outlook - Summary
document IMAGES-007-HOUSE_OVERSIGHT_024142.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… 6.3% 3.1% 1.0% -2Jan Jan Jan Jan Van, f Jan Jan Jan Jan -4 05 06 07 08 09 10 11 12 13 6 ——Global DM ——EM* Source: Bloomberg, UBS CIO, as of 22 June 2012 * DM= developed markets, EM = emerging markets Note: Past performance is not an indication of future returns. **Scenario...

EMEA - Telecoms Coverage Cluster
document IMAGES-007-HOUSE_OVERSIGHT_023604.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

EMEA - Telecoms Coverage Cluster BofA Merrill Lynch Investment rating Company ticker Bloomberg symbol Analyst BUY BT BT BT US Sunil P. Pate BT BIGOF BT/A LN Sunil P. Pate’ DNA Oyj XDNAF DNA FH Sunil P. Pate lliad ILIAF ILD FP Frederic Boulan, CFA Inwit XISWF INW IM Parin Shah, C...

Attachments
email TEXT-001-HOUSE_OVERSIGHT_022272.txt Mar 13, 2014 House Oversight Committee — Epstein Estate Records (Nov 2025)

…TM put) for 56cents and buying 103c (5.5usd OTM) for 58cents or the 102c (4.5usd OTM) for 76cents. CL1 <comdty> OMON on Bloomberg has live strikes and bid/ask. If 5d is too short and 35d is too long / not enough gamma, Tazia may be able to source liquidity from the street. Am Cc'...

Exhibit 28: Total Foreign Currency Holdings of
document IMAGES-003-HOUSE_OVERSIGHT_014566.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… | Jan-15 o Jul-15 Jan-16 Jul-16 Jan-17 Jul-l7 Data through November 2016. Source: Investment Strategy Group, CEIC, Bloomberg, IMF. time is different” is extremely dangerous for the investment well-being of our clients’ portfolios. China, in fact, faces greater risk of a fin...

Exhibit 100: Average Annual Gold Prices
document IMAGES-003-HOUSE_OVERSIGHT_014610.txt Dec 31, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…1 1885 1899 1913 1927 1941 1955 1969 1983 1997 2011 Data through December 31, 2016. Source: Investment Strategy Group, Bloomberg. The same could be said of continued outflows from gold exchange-traded funds (ETFs). We estimate that a net 280 tonnes of gold ETF holdings—an amoun...