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e 31-Dec-14 Bloomberg EPS FY (5) 5.16 5.13 5.88 6.54 7.21 North America Equity Research 18 June 2014 Aetna J.P.Morgan Some: Company data, Bloomberg... Morgan estimates. Investment Thesis, Valuation and Risks Aetna (Overweight; Price Target: $82.00) Investment Thesis Our Overweight rating on AET
firm revenues. Other Disclosures J.P. Morgan ("JPM") is the global brand name for J.P. Morgan Securities LLC ("JPMS") and its affiliates worldwide. J.P. Morgan Cazenove is a marketing name for the U.K. investment banking businesses and EMEA cash equities and equity research businesses of JPMorgan Chase & Co. and its
1 1 1 1 1 i i 5 10 15 20 Source: J.P. Morgan, Bloomberg. See blue box on page 2 for description. www.mo
firm revenues. Other Disclosures J.P. Morgan ("JPM") is the global brand name for J.P. Morgan Securities LLC ("JPMS") and its affiliates worldwide. J.P. Morgan Cazenove is a marketing name for the U.K. investment banking businesses and EMEA cash equities and equity research businesses of JPMorgan Chase & Co. and its
Page: HOUSE_OVERSIGHT_026578 →EM* EMBIG Gold -10 10 20 30 Source: J.P. Morgan, Bloomberg. See blue box on page 2 for description. www.jpmo
l firm revenues. Other Disclosures J.P. Morgan ('JPM") is the global brand name for J.P. Morgan Securities LLC ("JPMS") and its affiliates worldwide. J.P. Morgan Cazenove is a marketing name for the U.K. investment banking businesses and EMEA cash equities and equity research businesses of JPMorgan Chase & Co. and its
Page: HOUSE_OVERSIGHT_030854 →Entities connected to both Michael Bloomberg and J.P. Morgan Cazenove

Bloomberg L.P.
ORGANIZATION
United States
LOCATION
JPMorgan Chase
ORGANIZATION
Harvey Weinstein
PERSON
Philippines
LOCATION
Frankfurt
LOCATION
the Financial Services Agency
ORGANIZATION
Malaysia
LOCATIONthe Securities and Exchange Commission
ORGANIZATIONthe Prudential Regulation Authority
ORGANIZATION
New Zealand
LOCATION
Condoleezza Rice
PERSON
Columbia University
LOCATIONthe Dubai Financial Services Authority
ORGANIZATIONthe Capital Market Authority
ORGANIZATION
Hungary
LOCATIONThe Monetary Authority of Singapore
ORGANIZATION
Chile
LOCATION
the Ministry of Finance
ORGANIZATIONthe Securities and Futures Commission
ORGANIZATION