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% Regards, Amanda Amanda Ens Director | Global Equities HOUSE_OVERSIGHT_012044 --- PAGE BREAK --- Bank of America Merrill Lynch Merrill Lynch, Pierce, Fenner & Smith Incorporated One Bryant Park | 5th Floor | New York, NY 10036 ho i Fl From: Ens, Amanda Sent: Tuesday, November 22, 2016 2:15 PM To: ‘jeffrey E.'; Rich Kahn S
Page: HOUSE_OVERSIGHT_012045 →see increased buyback executions until year-end, another source of upside for the Cons Disc, Technology and Financials sectors. Global Positioning, Nigel Tupper, 11/14. Large long-only funds are more underweight Financials than any other sector and are UW this sector in all regions. Future of Financials conf
Page: HOUSE_OVERSIGHT_012045 →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=
y and Financials sectors.</=pan> <1=> Global Positioning <https://rsch.baml.com/r?q=wTOeFNkXy.l5s=hB9wIslcQ&[email protected]&h=XjOWDg> , Nigel Tupper, 11/14. Large long-only funds are mo=e underweight Financials than any other sector and are UW this sector in a=l regions.=/p> Future of Financial
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
ctors. EFTA_R1_01920230 EFTA02668215 Global Positioning <https://rsch.baml.com/r?q=wTOeFNkXyl5sMhB9wIslcQ&[email protected]&h=XjOWDg> , Nigel Tupper, 11/14. Large long-only funds are more underweight Financials than any other sector and are UW this sector in all regions. Future of Financials <ht
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
LF 17March2017 call spread: Buy the 105% call / sell a 110% call with a 115% at-expiry knock-in Total premium: 1.86% Global Positioning in Stocks: Nigel Tupper notes the 4000 funds in our "Positioning in Stocks" analysis are more underweight Financials, on average, than any other sector and are underweight
x (9.9%/1.75%) — you have upside up to 114.9% Regards, Amanda Amanda Ens Director | Global Equities Bank of America Merrill Lynch Merrill Lynch, Pierce, Fenner & Smith Incorporated One Bryant Park | 5th Floor | New York, NY 10036 Phone: i Mobile i From: Ens, Amanda Sent: Tuesday, November 22, 2016 2:15 PM To: ‘jeffrey E.'; Ri
Page: HOUSE_OVERSIGHT_011277 →see increased buyback executions until year-end, another source of upside for the Cons Disc, Technology and Financials sectors. Global Positioning, Nigel Tupper, 11/14. Large long-only funds are more underweight Financials than any other sector and are UW this sector in all regions. Future of Financials conf
Page: HOUSE_OVERSIGHT_011278 →see increased buyback executions until year-end, another source of upside for the Cons Disc, Technology and Financials sectors. Global Positioning, Nigel Tupper, 11/14. Large long-only funds are more underweight Financials than any other sector and are UW this sector in all regions. Future of Financials conf
Page: HOUSE_OVERSIGHT_011281 →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 | 5th Floor | New York, NY 10036 Phone: Mobile: po This message, and any attachments, is for the intended recipient(s) only, may co
Page: HOUSE_OVERSIGHT_011282 →17March2017 call spread: e Buy the 105% call / sell a 110% call with a 115% at-expiry knock-in e Total premium: 1.86% Global Positioning in Stocks: Nigel Tupper notes the 4000 funds in our "Positioning in Stocks" analysis are more underweight Financials, on average, than any other sector and are underweight
Page: HOUSE_OVERSIGHT_014312 →go higher, it’s unlikely that they can get back to the peaks... Regards, Amanda Amanda Ens Director Bank of America Merrill Lynch Merrill Lynch, Pierce, Fenner & Smith Incorporated One Bryant Park, 5th Floor, New York, NY 10036 HOUSE_OVERSIGHT_014313 --- PAGE BREAK --- The power of global connections™ Bank of America a Merri
Page: HOUSE_OVERSIGHT_014313 →Investment Strategy
ia. Ajay in particular makes the point that Chinese nominal GDP growth has been accelerating and that tends to be very good for Asian equity markets. Nigel Tupper’s global wave has continued to improve and he argues that remains consistent with strong performance from Asia ex Japan equities. Bankof America 2 Glo
Page: HOUSE_OVERSIGHT_014447 →nch Global Research policies relating to conflicts of interest are described at http://go.bofa.com/coi. "BofA Merrill Lynch" includes Merrill 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_014457 →Entities connected to both Pierce, Fenner & Smith Incorporated and Nigel Tupper

Jeffrey Epstein
PERSON
Richard Kahn
PERSONAmanda
PERSONAmanda Ens
PERSON
Marc Rich
PERSON
Donald Trump
PERSON
Bank of America
ORGANIZATION
Michael Hartnett
PERSONErika Najarian
PERSONFuture of Financials
ORGANIZATION
Ronald Reagan
PERSONDiversified Financials
ORGANIZATIONthe Trump Trade
ORGANIZATION
Kensho Technologies
ORGANIZATIONMerrill Lynch, Pierce, Fenner & Smith Incorporated
ORGANIZATION
Global Positioning
ORGANIZATION
Global Equities
ORGANIZATION