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onerous post cycle reserve requirements. Downside risks are a slowdown in housing price appreciation and a prolonged low interest rate environment. Analyst Certification We, Erika Najarian, Ebrahim H. Poonawala, Kenneth Bruce and Michael Carrier, CFA, hereby certify that the views each of us has expressed in this res
Page: HOUSE_OVERSIGHT_014389 →del Mercado De Valores; Merrill Lynch (Brazil): Bank of America Merrill Lynch Banco Multip errill Lynch Kingdom of Saudi Arabia Company, regulated by the Capital Market Authority. This research report: has been approved for publication and is distributed in the United Kingdom (UK) to pro FCA and the PRA) by MLI (UK) and Bank o
Page: HOUSE_OVERSIGHT_014394 →Investment Strategy
or detailed information regarding the risks involved with investing in listed options: http://Awww.theocc.com/about/publications/character-risks.jsp Analyst Certification We, James Barty, Abhinandan Deb, Barnaby Martin, Benjamin Bowler, Claudio Piron, David Hauner, CFA, Hans Mikkelsen, lan Gordon, loannis Angelakis, Kam
Page: HOUSE_OVERSIGHT_014456 →co Multiplo S.A., regulated by Comissao de Valores Mobiliarios; Merrill Lynch KSA Company, ertill Lynch Kingdom of Saudi Arabia Company, regulated by the Capital Market Authority. This research report: has been approved for publication and is distributed in the United Kingdom (UK) to professional clients and eligible counterpa
Page: HOUSE_OVERSIGHT_014457 →ronger outflows than expected and heightened political noise. Upside risks include a generalized rally on the back of more positive global backdrop. Analyst Certification We, David Woo, Adarsh Sinha, Arko Sen, Claudio Irigoyen, Jane Brauer, Kamal Sharma, Mark Capleton, Paul Ciana, CMT and Ralf Preusser, CFA, hereby ce
Page: HOUSE_OVERSIGHT_014784 →tent of our regulation by th India}; and is issued and distributed in Singapore to insti errill Lynch Kingdom of Saudi Arabia Company, regulated by the Capital Market Authority. f Affiliate Research Reports: LPF&S distributes, or may in the future distribute, research reports of the following non-US affiliates in the US (s
Page: HOUSE_OVERSIGHT_014785 →Earnings Preview
barriers to entry. Upside risks are successful new title releases that accelerate growth, or potential acquisition of Zynga for its game portfolio. Analyst Certification We, Justin Post, Jason Mitchell and Nat Schindler, hereby certify that the views each of us has expressed in this research report accurately reflect
Page: HOUSE_OVERSIGHT_014946 →co Multiplo S.A., regulated by Comissao de Valores Mobiliarios; Merrill Lynch KSA Company, errill Lynch Kingdom of Saudi Arabia Company, regulated by the Capital Market Authority. This research report: has been approved for publication and is distributed in the United Kingdom (UK) to professional clients and eligible counterpa
Page: HOUSE_OVERSIGHT_014949 →Entities connected to both the Capital Market Authority and Analyst Certification

United Kingdom
LOCATION
Malaysia
LOCATION
Frankfurt
LOCATION
the Financial Services Agency
ORGANIZATIONthe Prudential Regulation Authority
ORGANIZATIONthe Dubai Financial Services Authority
ORGANIZATION
Seoul
LOCATIONthe Australian Securities and Investments Commission
ORGANIZATION
Michael Bloomberg
PERSONThe Financial Service Board
ORGANIZATION
Bank of America
ORGANIZATIONMerchant Bank
ORGANIZATION
Donald Trump
PERSON
Merrill Lynch
ORGANIZATIONBank of America Merrill Lynch International Limited
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATIONMerrill Lynch Canada Inc
ORGANIZATIONOtoritas Jasa Keuangan
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATIONBaFin
ORGANIZATION