Epstein Secrets

a 5.5% real and 7.5% nominal CoE. EPS is retained, so real EPS g must = real CoE - div yld to justify a PE = 1/- real CoE. Date 20 November 2015 David Bianco Strategist (+1) 212 250-8169 [email protected] Winnie Nip Strategist (+1) 415 617-3297 [email protected] S&P 500 Key Forecasts Price Ju W

must = real CoE - div yld to justify a PE = 1/- real CoE. Date 20 November 2015 David Bianco Strategist (+1) 212 250-8169 [email protected] Winnie Nip Strategist (+1) 415 617-3297 [email protected] S&P 500 Key Forecasts Price Ju Wang Strategist (+1) 212 250-7911 [email protected] 2089.17 Nex

ion, the undersigned lead analyst(s) has not and will not receive any compensation for providing a specific recommendation or view in this report. David Bianco/Ju Wang/Winnie Nip Equity rating key Buy: Based on a current 12- month view of total share-holder return (TSR = percentage change in share price

lead analyst(s) has not and will not receive any compensation for providing a specific recommendation or view in this report. David Bianco/Ju Wang/Winnie Nip Equity rating key Buy: Based on a current 12- month view of total share-holder return (TSR = percentage change in share price from current price

S Equity Insights - Clinton vs Trump stock baskets Date: September 20, 2016 at 9:25:31 AM EDT To: Richard Kahn < <!--[if mso 9]--> <![endif]--> From: David Bianco, Deutsche Bank [mailto: Sent: Friday, September 16, 2016 6:47 PM To: Stewart Oldfield Subject: US Equity Insights - Clinton vs Trump stock baskets De

NFLX, PRU, C, UNP Trump 15 stock basket (DBUSTRMP): JNJ, PFE, MDT, NOC, LLL, HAL, DOW, DUK, F, MLM, VZ, CMCSA, SCHW, WFC, DAL David Bianco Ju Wang +1 Winnie Nip Please visit our group webpage at https://gm.db.com/welcome.html?/ger/analyst/Analyst.eqsr?analystlD=39531 HOUSE_OVERSIGHT_030866 --- PAGE BREAK ---