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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 →luding Bank of America Merrill Lynch trading desks. The date and time of completion of the production of any recommendation in s of covered issuers. BofA Merri ly. Except as otherwise stated in securi | Lynch policies prohibit research analysts from accepting payment or reimbursement for travel expenses t
Page: HOUSE_OVERSIGHT_014394 →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 →ion presented in this report. Such ideas or recommendations reflect the different time with, and reac methods of the persons who prepared them, and BofA Merri recipient of this report. In the event that the recipient received this report pursuant to a contract between the recipient and MLPF&S for the prov
Page: HOUSE_OVERSIGHT_014950 →n expected mobile impact coming from new Drillisch tariffs or failure to turnaround good US operational trends into more profitable revenue streams. Analyst Certification We, Benjamin Bowler, Clovis Couasnon and Frederic Boulan, CFA, hereby certify that the views each of us has expressed in this research report accura
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