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ectively lend again in the sector. Moreover, with energy criticized loans peaking in 1Q16, management expe
issued and distrib India}; and is issued and distributed in Singapore to institutional investors and/or accredited investors (each as d Bank Limited (Merchant Bank} (MLIBLMB) and Merrill Lynch (Singapore) (Company Registration regulated by MAS. Bank of America N.A, Australian Branch (ARBN 064 874 531), AFS Licen
Page: HOUSE_OVERSIGHT_014394 →is underestimating ’17 EPS upside potential from Energy recovery given the segment’s close correlation to
utional investors and/or accredited investors (each as defined under the Financial Advisers Regulations) by Merrill Lynch International Bank Limited (Merchant Bank} (MLIBLMB) and Merrill Lynch (Singapore) (Company Registration Nos F 06872E and 198602883D respectively). MLIBLMB and Merrill Lynch (Singapore} are r
Page: HOUSE_OVERSIGHT_014650 →money but the barrier was not breached at expiry Energy equity outperformed the overall equity market whi
d distributed in H errill Lynch (India}; International Bank L ingapore) are regula long Kong by Merrill Lynch (H and is issued and distribu imited (Merchant Bank} (ML ed by MAS. Bank of America e uted in In ons) by dia by DSP errill Lynch its jo approval is required for pu horized and regulated by s of the
Page: HOUSE_OVERSIGHT_014999 →Quantitative Analysis
retionary Telecom Staples Industrials Health Care Energy Materials Info Tech Real Estate Source: BofAML U
utional investors and/or accredited investors (each as defined under the Financial Advisers Regulations) by Merrill Lynch International Bank Limited (Merchant Bank} (MLIBLMB} and Merrill Lynch (Singapore) (Company Registration Nos F 06872E and 198602883D respectively). MLIBLMB and Merrill Lynch (Singapore} are r
Page: HOUSE_OVERSIGHT_023094 →money but the barrier was not breached at expiry Energy equity outperformed the overall equity market whi
l Lynch (Hong Kong) which is regulated errill Lynch (India); and is issued and distributed in Singapore to institutional International Bank Limited (Merchant Bank) (MLIBLMB) and Merrill Lynch ingapore) are regulated by MAS. Bank of America N.A,, Australian Branch (ARBN e this report in Australia only to affilia
Page: HOUSE_OVERSIGHT_023609 →Entities connected to both Merchant Bank and Entergy

Donald Trump
PERSON
Michael Bloomberg
PERSON
United Kingdom
LOCATION
Bank of America
ORGANIZATION
Merrill Lynch
ORGANIZATIONThe Financial Service Board
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATION
Seoul
LOCATION
Frankfurt
LOCATION
Bank of America Corporation
ORGANIZATIONBaFin
ORGANIZATIONILynch
ORGANIZATIONthe Securities and Futures Bureau
ORGANIZATIONMerrill Lynch (Asia Pacific) Limited
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATIONMerrill Lynch Canada Inc
ORGANIZATIONOtoritas Jasa Keuangan
ORGANIZATIONMerrill Lynch International Incorporated
ORGANIZATION
Bank of America, N.A.
ORGANIZATIONMerrill Lynch KSA Company
ORGANIZATION