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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
nco J.P. Morgan S.A. is regulated by the Comissao de Valores Mobiliarios (CVM) and by the Central Bank of Brazil. Mexico: J.P. Morgan Casa dc Bolsa, S.A. de C.V., J.P. Morgan (irupo Financicro is a member of the Mexican Stock Exchange and authorized to act as a broker dealer by the National Banking and Securi
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
anco J.P. Morgan S.A. is regulated by the Comissao de Valores Mobiliarios (CVM) and by the Central Bank of Brazil. Mexico: J.P. Morgan Casa de Bolsa, S.A. de C.V., J.P. Morgan Grupo Financiero is a member of the Mexican Stock Exchange and authorized to act as a broker dealer by the National Banking and Securiti
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
anco J.P. Morgan S.A. is regulated by the Comissao de Valores Mobiliarios (CVM) and by the Central Bank of Brazil. Mexico: J.P. Morgan Casa de Bolsa, S.A. de C.V., J.P. Morgan Grupo Financiero is a member of the Mexican Stock Exchange and authorized to act as a broker dealer by the National Banking and Securiti
Page: HOUSE_OVERSIGHT_030854 →Entities connected to both Michael Bloomberg and S.A. de C.V.

Bloomberg L.P.
ORGANIZATION
Donald Trump
PERSON
United States
LOCATIONLeon Black
PERSON
Bill Clinton
PERSON
Prince Andrew
PERSON
JPMorgan Chase
ORGANIZATION
Joe Biden
PERSON
Harvey Weinstein
PERSON
Frankfurt
LOCATION
Philippines
LOCATION
Department of Justice
ORGANIZATION
United Kingdom
LOCATION
Stephen Hawking
PERSON
Ralph Lauren
PERSON
Woody Allen
PERSON
Malaysia
LOCATION
New Zealand
LOCATION
Seoul
LOCATIONthe Securities and Exchange Commission
ORGANIZATION