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; has been considered and distributed in Japan by Merrill Lynch (Japan), a registered securities dealer unde
is underestimating ’17 EPS upside potential from Energy recovery given the segment’s close correlation to
Excl Lynch Israel Limited, regulated by Is DIFC): Merril Comisidn Nacional del Mercado De errill Lynch King
money but the barrier was not breached at expiry Energy equity outperformed the overall equity market whi
Price Objective Change
ectively lend again in the sector. Moreover, with energy criticized loans peaking in 1Q16, management expe
his report as recorded in the report timestamp. Officers of MLPF&S or one or more o BofA Merrill Lynch Global Research "BofA Merrill Lynch" includes Merri its affiliates (other than research analysts) may policies relating to conflicts of interest are described at http://go.bofa.com/coi. have a financ
Page: HOUSE_OVERSIGHT_014394 →money but the barrier was not breached at expiry Energy equity outperformed the overall equity market whi
e matters re report sho! ld contact ea los F 06872E A efined by s.761G of the Cor ing Institution under the Banking Act 1959 nor regu ion is by Merri DIFC) are done so in accordance wit distributes this report i red and issued its non-US aff uld do so through MLPI ated or publicatio the FCA and t
Page: HOUSE_OVERSIGHT_023609 →Entities connected to both Merri and Entergy

Donald Trump
PERSON
Merrill Lynch
ORGANIZATION
Michael Bloomberg
PERSON
Bank of America
ORGANIZATION
United Kingdom
LOCATION
Bank of America Corporation
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATIONMerchant Bank
ORGANIZATION
Frankfurt
LOCATIONILynch
ORGANIZATIONThe Financial Service Board
ORGANIZATION
BofA Merrill Lynch
ORGANIZATIONMerrill Lynch (Asia Pacific) Limited
ORGANIZATION
Seoul
LOCATIONOtoritas Jasa Keuangan
ORGANIZATION
Bank of America, N.A.
ORGANIZATIONMerrill Lynch International Incorporated
ORGANIZATIONBaFin
ORGANIZATIONthe Prudential Regulation Authority
ORGANIZATIONMerrill Lynch Canada Inc
ORGANIZATION