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Price Objective Change
integration risks. Upside risks to our price objective are better than expected equity markets, performance, or flows, or an accretive acquisition. Morgan Stanley (MS) We value the brokers based on the relationship between ROE (return on equity} and PB (price to book), which has a high historical correlation. Ou
Page: HOUSE_OVERSIGHT_014385 →y | Lynch (Asia ry Authority of h Mexico, SA de errill Lynch he nch Limited, ): Merrill Lynch errill Lynch regulated by KSA Company, lated by the Moneta lores; P Merri h (Israe ILy Merrill Lyne! I Lynch he Kto subject to japan by nch (Hong Kong} which is regu cted to, or ed in India by DSP Merri )
Page: HOUSE_OVERSIGHT_014394 →Entities connected to both Morgan Stanley and Moneta

Jeffrey Epstein
PERSON
George W. Bush
PERSON
Ghislaine Maxwell
PERSON
Prince Andrew
PERSON
United States
LOCATION
JPMorgan Chase
ORGANIZATION
Marc Rich
PERSON
Joi Ito
PERSON
Alan Dershowitz
PERSON
Mao Zedong
PERSON
Condoleezza Rice
PERSON
Bill Clinton
PERSONDoug Band
PERSON
Vicky Ward
PERSON
Michael Cohen
PERSON
U.S. Treasury
ORGANIZATION
NEW YORK NY
LOCATION
Puerto Rico
LOCATIONCourtney Wild
PERSONMaria Farmer
PERSON