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Price Objective Change
sector, while the private payments companies stressed the importance of partnering with incumbent leaders and the need to maintain safety standards. BofA Merrill Lynch does and seeks to do business with issuers covered in its research reports. As a result, investors should be aware that the firm may have a conflict
Page: HOUSE_OVERSIGHT_014315 →ore (MAS): Merrill Lynch (Canada): Merrill Lynch Canada Inc, regulated by the Investment Industry Regulatory Organiza CV, Casa de Bolsa, regulated by the Comisién Nacional Bancaria y de Valores; Merrill Lynch (Argentina): Merrill Lynch Argentin japan): Merrill Lynch Japan Securities Co., Ltd., regulated by the Financial Services Agency; Merr
Page: HOUSE_OVERSIGHT_014394 →Estimate Change
% EV / EBITDA* 17.2x NM 9 9x 6.4x 5 Ax Free Cash Flow Yield* -13.2% 81% 3.8% -0.3% 3.17% * For full definitions of ‘Qnethod™ measures, see page 11. BofA Merrill Lynch does and seeks to do business with issuers covered in its research reports. As a result, investors should be aware that the firm may have a conflict
Page: HOUSE_OVERSIGHT_014873 →non-US affi PRA); Merrill Lynch (Australia): Merrill Lynch Equities (Australia) Limited, regulated by the Australi CV, Casa de Bolsa, regulated by the Comisién Nacional Bancaria y de Valores; Merrill Lynch (Argentina): Merrill Lynch Argentina SA, regulated by Comisidn Nacional de japan): Merrill Lynch Japan Securities Co., Ltd., regulated
Page: HOUSE_OVERSIGHT_014885 →Earnings Preview
>6x return) will ensure that agents buy Zillow placements regardless of mortgage broker incentives. Additionally, we see earnings upside potential. BofA Merrill Lynch does and seeks to do business with issuers covered in its research reports. As a result, investors should be aware that the firm may have a conflict
Page: HOUSE_OVERSIGHT_014887 →ted by the Investment Industry Regulatory Organization of Canada; Merrill Lynch (Mexico): Merrill Lynch Mexico, SA de CV, Casa de Bolsa, regulated by the Comisién Nacional Bancaria y de Valores; Merrill Lynch (Argentina): Merrill Lynch Argentina SA, regulated by Comisidn Nacional de Valores; Merrill Lynch japan): Merrill Lynch Japan Securiti
Page: HOUSE_OVERSIGHT_014949 →Entities connected to both BofA Merrill Lynch and the Comisién Nacional Bancaria y de Valores

Bank of America
ORGANIZATION
Merrill Lynch
ORGANIZATION
United Kingdom
LOCATION
Merrill Lynch Global Wealth Management
ORGANIZATION
Frankfurt
LOCATION
Donald Trump
PERSONPierce, Fenner & Smith Incorporated
ORGANIZATION
Michael Bloomberg
PERSONMerchant Bank
ORGANIZATIONThe Financial Service Board
ORGANIZATIONMerrill Lynch Canada Inc
ORGANIZATION
Bank of America Corporation
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATIONthe Investment Industry Regulatory Organization of Canada
ORGANIZATIONthe Central Bank of Ireland
ORGANIZATIONMerrill Lynch KSA Company
ORGANIZATIONILynch
ORGANIZATION
Merri
ORGANIZATIONBaFin
ORGANIZATION
Seoul
LOCATION