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3.5 yrs, record EM debt =utflow. Regards,=/u> Amanda</=> Amanda Ens=/b> Director I Global Equities Bank of America Merrill Lynch Merrill Lynch, Pierce, Fenner & Smith Incorporated This message, and any attachments, is for the intended recipient(s) onl=, may contain information that is privileged, confidential and/or propriet=
potential in financials (more details below). Our financials sector=specialist thinks XLF could have another 20-25% upside given the many leve=s to the Trump Trade: less regulation, higher interest rates, higher vol, =conomic growth, loan growth, etc. The asset sensitive regional banks are more of a pure play o
d outflow in 3.5 yrs, record EM debt outflow. Regards, Amanda Amanda Ens Director Global Equities Bank of America Merrill Lynch Merrill Lynch, Pierce, Fenner & Smith Incorporated One Bryant Park I 5th Floor I New York, NY 10036 2 EFTA_R1_01920231 EFTA02668216 <mailto This message, and any attachments, is for the intende
potential in financials (more details below). Our financials sector specialist thinks XLF could have another 20-25% upside given the many levers to the Trump Trade: less regulation, higher interest rates, higher vol, economic growth, loan growth, etc. The asset sensitive regional banks are more of a pure play o
n get back to the peaks... Regards, 2 EFTA_R1_01923231 EFTA02670130 Amanda Amanda Ens Director Bank of America Merrill Lynch Merrill Lynch, Pierce, Fenner & Smith Incorporated One Bryant Park, 5th Floor, New York, NY 10036 Phone: 212.449.7781 Mobile: 917.386.3280 [email protected] <mailto:[email protected]> The pow
, etc. The regional banks are asset sensitive and more of a pure play on a rates move but we view the larger cap banks as having even more upside to the Trump Trade given the above points. Buy an XLF 17March2017 call spread: Buy the 105% call / sell a 110% call with a 115% at-expiry knock-in Total premium: 1.7
Entities connected to both Pierce, Fenner & Smith Incorporated and the Trump Trade

Jeffrey Epstein
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Richard Kahn
PERSONAmanda
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Marc Rich
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Donald Trump
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Nigel Tupper
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Michael Hartnett
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ORGANIZATIONDiversified Financials
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