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ico} ico} SSR ERE EERE ES SSR eRe EER EES Source: Bloomberg Source: Bloomberg 4 Global Cross Asset Strategy -
cional Bancaria y de Valores; Merrill Lynch (Argentina): Merrill Lynch Argentina SA, regulated by Comisién Nacional de Valores; Merrill Lynch japan): Merrill Lynch Japan Securities Co, Ltd., regulated by the Financial Services Agency; Merrill Lynch (Seoul): Merrill Lynch International Incorporated (Seoul Branch) regulated by the Financia
Page: HOUSE_OVERSIGHT_014457 →(SD) Source: BofA Merrill Lynch Global Research, Bloomberg Chart 5: Financials valuations have recovered si
cional Bancaria y de Valores; Merrill Lynch (Argentina): Merrill Lynch Argentina SA, regulated by Comisién Nacional de Valores; Merrill Lynch japan): Merrill Lynch Japan Securities Co, Ltd., regulated by the Financial Services Agency; Merrill Lynch (Seoul): Merrill Lynch International Incorporated (Seoul Branch) regulated by the Financia
Page: HOUSE_OVERSIGHT_014496 →uy 70.0% Short interest % of float 2.25% Source: Bloomberg and BofA Merrill Lynch Global Research estimates
cional Bancaria y de Valores; Merrill Lynch (Argentina): Merrill Lynch Argentina SA, regulated by Comisién Nacional de Valores; Merrill Lynch japan): Merrill Lynch Japan Securities Co, Ltd., regulated by the Financial Services Agency; Merrill Lynch (Seoul): Merrill Lynch International Incorporated (Seoul Branch) regulated by the Financia
Page: HOUSE_OVERSIGHT_014650 →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 →cional Bancaria y de Valores; Merrill Lynch (Argentina): Merrill Lynch Argentina SA, regulated by Comisidn Nacional de Valores; Merrill Lynch japan): Merrill Lynch Japan Securities Co, Ltd., regulated by the Financial Services Agency; Merrill Lynch (Seoul): Merrill Lynch International Incorporated (Seoul Branch) regulated by the Financia
Page: HOUSE_OVERSIGHT_014949 →Entities connected to both Michael Bloomberg and Merrill Lynch Japan Securities Co, Ltd.

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