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ets =usinesses of Bank of America Corporation. Stop or modify the delivery of Research via Emails. =lternatively, contact Research Operations: The Americas: +1 888 734 1391 or +1 646 556 2910 Asia Pacific (ex-Japan) & Australasia: +800 7724 6510 (Press =E2 3") Europe, Middle East, Africa: +44 20 7996 44
reement =ighlighted above Therefore we view today as an adding opportunity to our core =iew of SX7E higher, EURUSD higher, EUR Rates Higher From: BofAML-Alastair Ryan, Michael Helsby Imailto:[email protected]] Sent: Monday, March 27, 2017 1:24 PM Subject: European Banks Strategy: Rate sensi
ound 3% in 2017 and 3.5% in 2018. That in turn would mean a more aggressive Fed and in all likelihood a bigger rise in yields and the USD. Chart 15: BofAML sees GDP accelerating into 2018... Chart 16: ...with inflation picking up too m Global GDP growth % m DM GDP growth % m EM GDP growth % m Global CPI
Page: HOUSE_OVERSIGHT_014466 →d 11 comparable episodes since 1980. Equity market returns subsequent to the peak rate of change in bunds were moderately positive — a median Bankof America Merrill Lynch European Equity Strategy |O1 December 2016 17 HOUSE_OVERSIGHT_014476 --- PAGE BREAK --- +1.0% after 3 months and +3.7% after 6 month
Page: HOUSE_OVERSIGHT_014477 →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 →g and BofA Merrill Lynch Global Research estimates Gov't Legislation: 56% of sales are from the US government General Dynamics’ primary customer is the US Department of Defense, which accounted for 47% of total sales in 2015. The remaining 9% are to other non-DoD US government agencies like the intellig
Page: HOUSE_OVERSIGHT_014626 →Entities connected to both United States and BofAML

Jeffrey Epstein
PERSON
George W. Bush
PERSON
Marc Rich
PERSON
Donald Trump
PERSON
Lesley Groff
PERSON
Barack Obama
PERSON
Richard Kahn
PERSON
United Kingdom
LOCATION
Bloomberg L.P.
ORGANIZATIONDoug Band
PERSON
Las Vegas
LOCATION
Paul Ryan
PERSON
U.S. Treasury
ORGANIZATION
Puerto Rico
LOCATION
Houston
LOCATION
Washington D.C.
LOCATION
North America
LOCATION
Frankfurt
LOCATION
Stanford University
LOCATION
Tokyo
LOCATION