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ectively lend again in the sector. Moreover, with energy criticized loans peaking in 1Q16, management expe
of Betterment), Randy Sternke (Vice President, Business Development at Alkanza), and Vaughn Bowman (Director, Managed Solutions Channel Management at BofAML). Each firm discussed the unique aspects of their individual business models and where they see the robo industry headed in the future. ¢ Broverman
Page: HOUSE_OVERSIGHT_014367 →is underestimating ’17 EPS upside potential from Energy recovery given the segment’s close correlation to
calendar-specific events noted for most stocks. We constructed our list by canvassing BofAML Fundamental Equity Research analysts in order to find 10 BofAML-covered stocks which we think will significantly outperform or underperform peers during the quarter. We considered only Buy-rated names for outperfo
Page: HOUSE_OVERSIGHT_014623 →Quantitative Analysis
retionary Telecom Staples Industrials Health Care Energy Materials Info Tech Real Estate Source: BofAML U
the corporate tax rate 4 Repatriation 6 Border adjustment tax analysis 12 Closing loopholes 15 No interest tax shield 7 Tax reform screens 19 Related BofAML research on US tax reform 22 Methodology 24 2 Equity Strategy Focus Point | 29 January 2017 (pertain HOUSE_OVERSIGHT_023070 --- PAGE BREAK --- The
Page: HOUSE_OVERSIGHT_023070 →Entities connected to both BofAML and Entergy

Donald Trump
PERSON
Michael Bloomberg
PERSON
Marc Rich
PERSON
Merrill Lynch Global Wealth Management
ORGANIZATION
Bank of America
ORGANIZATION
United Kingdom
LOCATION
Merrill Lynch
ORGANIZATIONThe Financial Service Board
ORGANIZATION
Frankfurt
LOCATIONMerchant Bank
ORGANIZATION
Bank of America Corporation
ORGANIZATION
Seoul
LOCATIONBaFin
ORGANIZATIONMerrill Lynch International
ORGANIZATIONOtoritas Jasa Keuangan
ORGANIZATION
the Financial Services Agency
ORGANIZATION
Bank of America, N.A.
ORGANIZATIONUtilities
ORGANIZATIONILynch
ORGANIZATIONMerrill Lynch KSA Company
ORGANIZATION