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% 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 →Service; Merrill Lynch (Taiwan): Merrill Lynch Securities (Taiwan) Ltd., regulated by the Securities and Futures Bureau; DSP Merrill Lynch (India): Lynch Israel Limited, regulated by Israel Securities Authority; Merrill Lynch (Russia): O00 Merrill Lynch Securities, Moscow, regulated by the Central Bank of the Russi D
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 →of India; Merrill Lynch (Indonesia): PT Merrill Lynch Sekuritas Indonesia, regulated by Otoritas Jasa Keuangan (OJK); Merrill Lynch (Israel): Merrill Lynch Israel Limited, regulated by Israel Securities Authority; Merrill Lynch (Russia): O00 Merrill Lynch Securities, Moscow, regulated by the Central Bank of the Russian
Page: HOUSE_OVERSIGHT_014949 →analyst under EEMUS 15.4(-0.1) 13.2 (08) the FINRA rules. TOP4O 1511.0) — 109(00) Refer to "Other Important Disclosures" for information on certain BofA Merrill Lynch entities that take oy ne responsibility for this report in particular jurisdictions. RDX 24.7 (1.2) 21.3(0.0) BofA Merrill Lynch does and seeks to
Page: HOUSE_OVERSIGHT_023575 →the Investm ores; Merrill Lynch al Services Agency; errill Lynch (Taiwan): Merrill Lynch Securities (Taiwan) Ltd., regul hange Board of India; Merri Lynch Israel Limited, regulated by Israel Securities Aut! ndonesia): PT Merril Financial Services A of America Merrill al Market Authori ed K ational Limited, w Lynch I
Page: HOUSE_OVERSIGHT_023609 →Entities connected to both BofA Merrill Lynch and Lynch Israel Limited

Bank of America
ORGANIZATION
Merrill Lynch
ORGANIZATION
United Kingdom
LOCATION
Merrill Lynch Global Wealth Management
ORGANIZATION
Michael Bloomberg
PERSON
Donald Trump
PERSON
Frankfurt
LOCATIONPierce, Fenner & Smith Incorporated
ORGANIZATION
Bank of America Corporation
ORGANIZATIONMerchant Bank
ORGANIZATIONMerrill Lynch International Incorporated
ORGANIZATIONThe Financial Service Board
ORGANIZATIONILynch
ORGANIZATIONMerrill Lynch (Asia Pacific) Limited
ORGANIZATIONOtoritas Jasa Keuangan
ORGANIZATION
Merri
ORGANIZATIONMerrill Lynch KSA Company
ORGANIZATIONthe Central Bank of Ireland
ORGANIZATIONDSP Merrill Lynch Limited
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATION