Epstein Secrets

t The copyright in materials provided by Morgan Stanley is owned by Morgan Stanley & Co. LLC. Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. O 2016 Morgan Stanley Smith Barney LLC. Member SIPC. EFTA00818910 please note

ement research are available on the Morgan Stanley Wealth Management disclosure website at hups://www.morganstanley.com/onlineiresearchdisclosures. Morgan Stanley Wealth Management Not Acting as Municipal Advisor Morgan Stanley Wealth Management is not acting as a municipal advisor to any municipal entity or obligated person within the meaning of Section 15B

t The copyright in materials provided by Morgan Stanley is owned by Morgan Stanley & Co. LLC. Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. O 2016 Morgan Stanley Smith Barney LLC. Member SIPC. EFTA00819405

n Morgan Stanley research and Morgan Stanley Wealth Management research are available on the Morgan Stanley Wealth Management disclosure website at Morgan Stanley Wealth Management Not Acting as Municipal Advisor Morgan Stanley Wealth Management is not acting as a municipal advisor to any municipal entity or obligated person within the meaning of Section 15B

t The copyright in materials provided by Morgan Stanley is owned by Morgan Stanley & Co. LLC. Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. O 2016 Morgan Stanley Smith Barney LLC. Member SIPC. EFTA00823717 I2 21 EFTA00

ent research are available on the Morgan Stanley Wealth Management disclosure website at https://www.morganstanley.corn/online/researchdisclosures. Morgan Stanley Wealth Management Not Acting as Municipal Advisor Morgan Stanley Wealth Management is not acting as a municipal advisor to any municipal entity or obligated person within the meaning of Section 15B

kYjIkNDE3OC00ZDQyLTExZTYtODI4Zi03YTRmNAMzEzMmQ%3D&use ==iwbt68jbgq60t3-0&_gda_=1532261053_e1045fbld18a68f90cf7bc7ecbSb48=f> Betsy L. Graseck, CFA — Morgan Stanley4=2> July 21, 2016 12:02 PM GMT EFTA_R1_01402840 EFTA02384911 2Q16 Earnings:BK reported operating EPS of $0.76=(vs. MSe/cons $0.75) on better expens

gement disclosure w=bsite at https://www.morganstanley.com/online/researchdisclosures <https://www.morganstanley.com/online/researchdisclosure=> . Morgan Stanley Wealth Management Not Acting as Municipal Advisor Morgan Stanley Wealth Management is not acting as a municipal advisor t= any municipal entity or obligated person within the meaning of Section 15B

t in materials provided by Morgan Stanley is owned by Morgan Stanley & EFTA00628763 Co. LLC. Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. C 2016 Morgan Stanley Smith Barney LLC. Member SIPC. EFTA00628764

ment research are available on the Morgan Stanley Wealth Management disclosure website at https://www.morganstanley.com/online/researchdisclosures. Morgan Stanley Wealth Management Not Acting as Municipal Advisor Morgan Stanley Wealth Management is not acting as a municipal advisor to any municipal entity or obligated person within the meaning of Section 15B

tein Subject: Fwd: Apple Richard Kahn HBRK Associat=s Inc. 575 Lexington Avenue, 4th Floor New York, NY 100=2 Begin forwarded message: From: "Morgan Stanley' To Subject:=Apple Reply-To: Date:=/b> September 2, 2016 at 3:41:23 AM EDT <http://www.morganstanley.com/img/cshpacer.gif> <http://www.morgansta

agement disclosure w=bsite at https://www.morganstanley.com/online/researchdisclosures chttps://www.morganstanley.com/online/researchdisclosurea , Morgan Stanley Wealth Management Not Acting as Municipal Advisor Morgan Stanley Wealth Management is not acting as a municipal advisor t= any municipal entity or obligated person within the meaning of Section 15B=

t in materials provided by Morgan Stanley is owned by Morgan Stanley & EFTA00697974 Co. LLC. Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States. C 2016 Morgan Stanley Smith Barney LLC. Member SIPC. EFTA00697975

ment research are available on the Morgan Stanley Wealth Management disclosure website at https://www.morganstanley.com/online/researchdisclosures. Morgan Stanley Wealth Management Not Acting as Municipal Advisor Morgan Stanley Wealth Management is not acting as a municipal advisor to any municipal entity or obligated person within the meaning of Section 15B