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ectively lend again in the sector. Moreover, with energy criticized loans peaking in 1Q16, management expe
dom 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 of America Merrill Lynch International Limited, which are authorized retail clients (as defined in
Page: HOUSE_OVERSIGHT_014394 →is underestimating ’17 EPS upside potential from Energy recovery given the segment’s close correlation to
a Clara, California, SVB Financial Group (Nasdaq: SIVB) operates through offices in the U.S. and international operations in China, India, Israel and the United Kingdom. Texas Instruments (TXN) Vivek Arya +1 646 855 1755 Research Analyst, MLPF&S Buy, PO $82 1Q investment thesis In the aftermath of the US electio
Page: HOUSE_OVERSIGHT_014634 →money but the barrier was not breached at expiry Energy equity outperformed the overall equity market whi
ncy rates of exchange may adversely affect including ADRs, effectively assume currency risk. UK Readers: The protections provided located outside of the United Kingdom. BofA errill Lyne h Global Researc| MLPF&S or one of its affiliates is a regular issuer of traded financial instru time, hold a BofA Merrill w r
Page: HOUSE_OVERSIGHT_015000 →naging Board and Chief Executive Officer, Siemens Energy Chairman of the Board of Management Chairman an
the Swiss Confederation and Federal Councillor of Foreign Affairs of the Swiss Confederation Chairman and Chief Executive Officer Prime Minister of the United Kingdom Founder and Vice-Chairman Editor-in-Chief Global Head, People, Performance and Culture Chief Executive Officer World Economic Forum Annual Meeting
Page: HOUSE_OVERSIGHT_017066 →Quantitative Analysis
retionary Telecom Staples Industrials Health Care Energy Materials Info Tech Real Estate Source: BofAML U
dom 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 counterparties (as each is defined in the rules of the FCA and the PRA) by MLI (UK) and Bank of America Mer
Page: HOUSE_OVERSIGHT_023094 →money but the barrier was not breached at expiry Energy equity outperformed the overall equity market whi
eign currency rates of exchange may adversely affect ing ADRs, effectively assume c UK Readers: The protections provided by the U. located outside of the United Kingdom. BofA MLPF&S or one of its affiliates is a regular issuer of traded financial instru time, hold a trading position (long or short) in the securities
Page: HOUSE_OVERSIGHT_023610 →Entities connected to both United Kingdom and Entergy

Jeffrey Epstein
PERSON
Ghislaine Maxwell
PERSON
United States
LOCATION
Donald Trump
PERSON
Bill Clinton
PERSON
George W. Bush
PERSON
Norway
LOCATION
Barack Obama
PERSON
Marc Rich
PERSON
John F. Kennedy
PERSON
Belgium
LOCATION
Frankfurt
LOCATION
Michael Cohen
PERSON
Luxembourg
LOCATION
Hungary
LOCATION
Wilbur Ross
PERSON
Michigan
LOCATIONMaria Farmer
PERSONDoug Band
PERSON
JPMorgan Chase
ORGANIZATION