Epstein Secrets

mended in this report and should unders iates in the ian Securities and Investments Commission; Merrill Lynch (Hong Kong): Merri na): Lynch (Seo

money but the barrier was not breached at expiry Energy equity outperformed the overall equity market whi

ectively lend again in the sector. Moreover, with energy criticized loans peaking in 1Q16, management expe

ios; Merri US (short name: legal name, regulator): Merrill Lynch (Sou d by the Financial Conduct Au Lynch Equities (Australia) Limited, regulated by the Australian Securities and Investments Commission; Merrill Lynch (Hong Kong}: Merri Lynch (Singapor hority (FCA) an e) Pte Ltd, regu tion of Canada; a SA, regulated International Incorporated K);

is underestimating ’17 EPS upside potential from Energy recovery given the segment’s close correlation to

uct Authority (FCA) and the Prudential Regulation Authority PRA); Merrill Lynch (Australia): Merrill Lynch Equities (Australia) Limited, regulated by the Australian Securities and Investments Commission; Merrill Lynch (Hong Kong): Merrill Lynch (Asia Pacific) Limited, regulated by the Hong Kong Securities and Futures Commission (HKSFC); Merrill Lynch

retionary Telecom Staples Industrials Health Care Energy Materials Info Tech Real Estate Source: BofAML U

uct Authority (FCA) and the Prudential Regulation Authority PRA); Merrill Lynch (Australia): Merrill Lynch Equities (Australia) Limited, regulated by the Australian Securities and Investments Commission; Merrill Lynch (Hong Kong): Merrill Lynch (Asia Pacific) Limited, regulated by the Hong Kong Securities and Futures Commission (HKSFC); Merrill Lynch