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eas or recommend der no obligation to ensure that such fA Merrill Lynch is un pecifically in mentioned in this re earch
is underestimating ’17 EPS upside potential from Energy recovery given the segment’s close correlation to
Price Objective Change
ectively lend again in the sector. Moreover, with energy criticized loans peaking in 1Q16, management expe
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 →money but the barrier was not breached at expiry Energy equity outperformed the overall equity market whi
LPF&S and is not registered/qualified as a research analyst under the FINRA rules. Refer to "Other Important Disclosures" for information on certain BofA Merrill Lynch entities that take responsibility for this report in particular jurisdictions. BofA Merrill Lynch does and seeks to do business with issuers covered
Page: HOUSE_OVERSIGHT_014972 →money but the barrier was not breached at expiry Energy equity outperformed the overall equity market whi
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 →Entities connected to both BofA Merrill Lynch and Entergy

Donald Trump
PERSON
Bank of America
ORGANIZATION
Michael Bloomberg
PERSON
Merrill Lynch
ORGANIZATION
United Kingdom
LOCATION
Merrill Lynch Global Wealth Management
ORGANIZATION
Bank of America Corporation
ORGANIZATION
Frankfurt
LOCATIONMerchant Bank
ORGANIZATIONILynch
ORGANIZATIONThe Financial Service Board
ORGANIZATIONMerrill Lynch (Asia Pacific) Limited
ORGANIZATIONPierce, Fenner & Smith Incorporated
ORGANIZATION
Merri
ORGANIZATIONMerrill Lynch International Incorporated
ORGANIZATION
Seoul
LOCATIONOtoritas Jasa Keuangan
ORGANIZATIONthe Prudential Regulation Authority
ORGANIZATION
United States
LOCATION
Marc Rich
PERSON