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>September 28, 2016 at 8:46:05 =M EDT To: =/b>" Rich, in case =ou're interested in dialing in, we're h
or use of the contents thereof are prohibited. There may =e more recent information available. Please visit one of the electronic venues that carry BofA Merrill Lynch Global =esearch reports or contact your Bank of America Merrill Lynch =epresentative or Merrill Lynch Global Wealth Management representative =or further
17 at 2:43:06 PM =DT To: =/b>"'Richard Kahn'" < Rich, ING has an =DR, ticker ING, that trades US hour
or use of the contents thereof are prohibited. There may =e more recent information available. Please visit one of the electronic venues that carry BofA Merrill Lynch Global =esearch reports or contact your Bank of America Merrill Lynch =epresentative or Merrill Lynch Global Wealth Management representative =or further
ge cap US oils. We view Hess as the most catalyst rich large cap US E&P for 2017 with a return to growth
Page: HOUSE_OVERSIGHT_014629 →retransmitted or disclosed, in whole simultaneously to interna review of this research report consti (including any investmen Materials prepared by BofA Merrill Lynch Global Rese utes your agree information known to, professionals in other business areas of BofA Merri BofA researc hould erri Research and certain busin
Page: HOUSE_OVERSIGHT_014651 →rowing disparity of income and wealth between the rich and the poor (Chart 2), and the loss of national
Page: HOUSE_OVERSIGHT_014732 →rtionate to index weights 70 60 50 40 30 20 10 0 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 — 2% —<0% 4 0.5 1 1.5 2 Source: Eurostat, BofA Merrill Lynch Global Research Source: Eurostat, BofA Merrill Lynch Global Research Core inflation at 0.8% is barely above the 2015 low of 0.6%. One statistic that often
Page: HOUSE_OVERSIGHT_014744 →Quantitative Analysis
r the last few years, and, if we exclude the cash-rich Technology sector, leverage is approaching all-t
Page: HOUSE_OVERSIGHT_023078 →he fundamentals of the companies and their own individual circumstances/abjective before making any investment decisions. Source: FactSet, Bloomberg, BofA Merrill Lynch Global research estimates, BofA Merrill Lynch US Equity & US Quant Strategy 20 Equity Strategy Focus Point | 29 January 2017 HOUSE_OVERSIGHT_023088 Bank
Page: HOUSE_OVERSIGHT_023089 →Entities connected to both Marc Rich and BofA Merrill Lynch Global

Jeffrey Epstein
PERSON
Richard Kahn
PERSON
Donald Trump
PERSON
United States
LOCATIONLexington
LOCATION
Paul Ryan
PERSONAmanda
PERSON
United Kingdom
LOCATION
U.S. Treasury
ORGANIZATION
Bank of America
ORGANIZATION
Michael Bloomberg
PERSONPierce, Fenner & Smith Incorporated
ORGANIZATION
Seoul
LOCATION
Frankfurt
LOCATION
Bank of America Corporation
ORGANIZATION
Merrill Lynch
ORGANIZATION
Marine Le Pen
PERSON
Merrill Lynch Global Wealth Management
ORGANIZATIONHans Mikkelsen
PERSONThe Monetary Authority of Singapore
ORGANIZATION