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Price Objective Change
west footprint with its low unemployment and a strong manufacturing base. While commenting on the potential for relief coming out of DC under the new Trump administration, management noted that shortage of skilled workers was probably the biggest issue impeding businesses in its footprint versus higher t
Page: HOUSE_OVERSIGHT_014324 →_OVERSIGHT_014364 --- PAGE BREAK --- proposals. Mr. Trump and congress could also ultimately defer to the S
Page: HOUSE_OVERSIGHT_014365 →onflicts of interest are described at http://go.bofa.com/coi. have a financial interest in securities of the issuer(s) or in related investments. | Lynch, Pierce, Fenner & Smith Incorporated ("MLPF&S’) and its affiliates. Investors should contact their BofA Merrill Lynch representative or Merrill Lynch Global Wealth Management financial
Page: HOUSE_OVERSIGHT_014394 →upside on structurally challenged European banks & relatively more bearish outlook for US rates vs EU USDJPY and NKY the biggest beneficiaries of a Trump win Banks and Insurance are the most leveraged sector Banks and Insurance are the most leveraged sector China risk premium rising but A-shares vol
Page: HOUSE_OVERSIGHT_014992 →erest in securities of the issuer(s) or in related investments. policies relating to conflicts of interest are described at http://go.bofa.com/coi. | Lynch, Pierce, Fenner & Smith Incorporated ("MLPF&S’) and its affiliates. Investors should contact their BofA Merrill Lynch representative or Merrill Lynch Global Wealth Management financial
Page: HOUSE_OVERSIGHT_014999 →r- end target of 2.85% for the 10y rate (just above the median forecast). Long-term rates have remained low due to uncertainty around Fiscal policy (Trump’s plans on infrastructure spending), subdued inflation expectations and a slower than expected Fed hiking cycle. On the other hand, a near full-emplo
Page: HOUSE_OVERSIGHT_023584 →est in securities of the issuer(s) or in related investments. policies relating to conflicts of interest are described at http://go.bofa.com/coi. | Lynch, Pierce, Fenner & Smith Incorporated (‘MLPF&S’) and its affiliates. Investors should contact their BofA Merrill Lynch representative or Merrill Lynch Global Wealth Management financial a
Page: HOUSE_OVERSIGHT_023609 →Entities connected to both Donald Trump and Lynch, Pierce, Fenner & Smith Incorporated

Marc Rich
PERSON
United States
LOCATIONDoug Band
PERSON
United Kingdom
LOCATION
Jeff Sessions
PERSON
Michael Bloomberg
PERSON
Hong Kong
LOCATION
Frankfurt
LOCATION
Seoul
LOCATION
Bank of America
ORGANIZATION
Telstra
ORGANIZATION
Bank of America Corporation
ORGANIZATION
Nasdaq
ORGANIZATION
Merrill Lynch
ORGANIZATION
Austria
LOCATIONUtilities
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATIONthe Prudential Regulation Authority
ORGANIZATIONMerchant Bank
ORGANIZATION
Bank of America, N.A.
ORGANIZATION