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for Facebook and Priceline. Table 3: 1Q17 BofAML Estimates vs. The Street Large Cap Stocks (>$5bn Market Cap) Small Cap Stocks (<$5bn Market Cap} BofA ML vs. BofA ML vs. Ticker 1Q17 Metric BofA ML Street Street Ticker 1Q17 Metric BofA ML Street Street AMZN Revenue $35,335 $35,255 RATE Revenue $117 $1
Page: HOUSE_OVERSIGHT_014889 →h (Hong Kong): Merrill Lynch (Asia Pacific) Limited, regulated by the Hong Kong Securities and Futures Commission (HKSFC); Merrill Lynch (Singapore): Merrill Lynch (Singapore) Pte Ltd, regulated by the Monetary Authority of Singapore (MAS); Merrill Lynch (Canada): Merrill Lynch Canada Inc, regulated by the Investment Industry Regul
Page: HOUSE_OVERSIGHT_014949 →Tencent jumped post better than expected earnings SX7E 1M 25d call / SX5E 1M 25d call price ratio is in the 100" 2-yr percentile Close position and BofA ML turned neutral in EM in the short-term Close position and BofA ML turned neutral in EM in the short-term Close position and BofA ML turned neutral in
Page: HOUSE_OVERSIGHT_014994 →n Branch (ARBN his report in Austra by Merrill regulated itutional ia only to ports ed, in any Limited in port. Singapore recipients of ) and/or Merrill Lynch (Singapore) Pte Ltd in respect of any matters arising from, or in connection 28 Global Equity Volatility Insights | 20 June 2017 BankofAmerica Merrill Lynch HOUSE_OV
Page: HOUSE_OVERSIGHT_015000 →rther increases in spare capacity take place. Our BofAML commodities research medium-term supply-demand ba
fic advice on securities. Singapore recipients of this research report should contact Merrill Lynch International Bank Limited (Merchant Bank) and/or Merrill Lynch (Singapore) Pte Ltd in respect of any matters arising from, or in connection with, this research report. General Investment Related Disclosures: Taiwan Readers: Neither
Page: HOUSE_OVERSIGHT_016194 →Entities connected to both Merrill Lynch (Singapore) Pte Ltd and BofA ML

Frankfurt
LOCATION
Merrill Lynch
ORGANIZATIONMerrill Lynch (Asia Pacific) Limited
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATIONthe Securities and Futures Bureau
ORGANIZATIONMerchant Bank
ORGANIZATIONThe Financial Service Board
ORGANIZATION
United Kingdom
LOCATION
BofA Merrill Lynch
ORGANIZATION
Bank of America
ORGANIZATION
Michael Bloomberg
PERSON
Seoul
LOCATIONILynch
ORGANIZATIONthe Financial Supervisory Service
ORGANIZATIONMerrill Lynch Argentina SA
ORGANIZATIONPierce, Fenner & Smith Incorporated
ORGANIZATIONMerrill Lynch International Incorporated
ORGANIZATION
Bank of America, N.A.
ORGANIZATION
Donald Trump
PERSONDSP Merrill Lynch Limited
ORGANIZATION