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Investment Strategy
cals Source: BofA Merrill Lynch Global Research, Bloomberg, Haver Exhibit 2: Shares rated Buy by our analys
to the person with whom MLPF&S writing by MLPF&S). MLPF&S is and continues to act solely as a broker-dealer in connection has contracted direct of America Corpora his research report is prepared for the use of BofA Merri nclusion, or information con atus of financial instruments discussed herein is not inten
Page: HOUSE_OVERSIGHT_014409 →uy 70.0% Short interest % of float 2.25% Source: Bloomberg and BofA Merrill Lynch Global Research estimates
ions t ations reflect the different time frames, assumptions, other trading ideas or recommendations are brought to the a has contracted direct of America Corpora f BofA Merrill Lynch. BofA Merri able materials. Any unautl nclusion, or information con views presented in this material g personnel. BofA Merrill
Page: HOUSE_OVERSIGHT_014651 →Earnings Preview
15 3015 4015 1016 Q16 4Q16 1017E2017E 3Q17E4Q17E BofAML vs. Street Below Above Above Below AY Source: BofA Merrill Lynch Global Research estimates, Bloomberg 7h eee | istening Hours Y/Y Growth === Active Listners Y/Y Growth Source: BofA Merrill Lynch Global Research estimates, company report Bankof America
Page: HOUSE_OVERSIGHT_014918 →vestment rating, or investment thesis for review by an issuer prior to the rames, assumptions other trading ideas or recommendations are brought of America Corpora f BofA Merrill Lynch. BofA Merri able materials. Any unaut g personnel. BofA Merrill Lynch ps wit ndants or co-plaintiffs wi ax advice or to be us
Page: HOUSE_OVERSIGHT_014950 →Entities connected to both Michael Bloomberg and America Corpora

Donald Trump
PERSON
Marc Rich
PERSON
United States
LOCATION
United Kingdom
LOCATION
Paul Ryan
PERSON
Frankfurt
LOCATION
Merrill Lynch
ORGANIZATION
Seoul
LOCATION
Bank of America
ORGANIZATIONthe Dubai Financial Services Authority
ORGANIZATIONthe Prudential Regulation Authority
ORGANIZATION
the Financial Services Agency
ORGANIZATIONThe Monetary Authority of Singapore
ORGANIZATIONMerchant Bank
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATIONPierce, Fenner & Smith Incorporated
ORGANIZATIONThe Financial Service Board
ORGANIZATION
North America
LOCATIONMerrill Lynch International Incorporated
ORGANIZATION
Bank of America Corporation
ORGANIZATION