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Qprofile, iQtoolkit, iQworks are service marks of Ban of America Corporation. This research report is prepared for the use of
is underestimating ’17 EPS upside potential from Energy recovery given the segment’s close correlation to
Price Objective Change
ectively lend again in the sector. Moreover, with energy criticized loans peaking in 1Q16, management expe
ions, including transactions in any securities mentioned in this report. Copyright and General Information regarding Research Reports: Copyright 2016 Bank of America Corporation. All rights reserved. iQmethod, iQmethod 2.0, iQprofile, iQtoolkit, iQworks are service marks of Bank of America Corporation. iQanalytics®, iQcustom®
Page: HOUSE_OVERSIGHT_014395 →money but the barrier was not breached at expiry Energy equity outperformed the overall equity market whi
lates, if at all, solely to the person with whom MLPF&S writing by MLPF&S). MLPF&S is and continues to act solely as a broker-dealer in connection 7 Bank of America Corporation. All rights reserved. iQmethod, iQmethod 2.0, iQprofile, iQtoolkit, iQworks are service marks of Ban iQcustom®, iQdatabase® are registered service ma
Page: HOUSE_OVERSIGHT_015000 →Quantitative Analysis
retionary Telecom Staples Industrials Health Care Energy Materials Info Tech Real Estate Source: BofAML U
ights reserved. iQmethod, iQmethod 2.0, iQprofile, iQtoolkit, iQworks are service marks of Ban iQcustom®, iQdatabase® are registered service marks of Bank of America Corporation. This research report is prepared for the use of BofA Merri or in part, or in any form or manner, without and client websites and other portals by Bo
Page: HOUSE_OVERSIGHT_023095 →money but the barrier was not breached at expiry Energy equity outperformed the overall equity market whi
ncluding transactions i Copyright and General Information regarding Research Reports: Copyri iOcustom®, iQdatabase® are registered service marks of Bank of America Corporation. T| ght 2017 Bank of America Con retransmitted or disclosed, in whole simultaneously to internal ha longer term total return expectation and attr
Page: HOUSE_OVERSIGHT_023610 →Entities connected to both Bank of America Corporation and Entergy

Jeffrey Epstein
PERSONPierce, Fenner & Smith Incorporated
ORGANIZATION
Merrill Lynch
ORGANIZATION
Bank of America
ORGANIZATION
Donald Trump
PERSON
Marc Rich
PERSON
Paul Ryan
PERSON
Merrill Lynch Global Wealth Management
ORGANIZATION
Michael Bloomberg
PERSON
United Kingdom
LOCATION
Frankfurt
LOCATION
Bank of America, N.A.
ORGANIZATION
Seoul
LOCATIONMerchant Bank
ORGANIZATIONILynch
ORGANIZATION
BofA Merrill Lynch
ORGANIZATIONThe Financial Service Board
ORGANIZATIONMerrill Lynch (Asia Pacific) Limited
ORGANIZATION
Merri
ORGANIZATIONMerrill Lynch International Incorporated
ORGANIZATION