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HOUSE_OVERSIGHT_014315 - HOUSE_OVERSIGHT_014396
or a slower than expected rate of fed hikes. Upside risks are a better than expected rebound in energy prices and sooner recognition of cost saves. Commerce Bancshares Inc. (CBSH) We use an equal-weighted three-factor valuation framework (P/E, P/TBV, DCF) to arrive at our $60 PO and assign a 2.2x multiple to 2Q17E TBV,
Page: HOUSE_OVERSIGHT_014381 →ciated Banc-Corp ASB ASB US Ebrahim H. Poonawala Banc of California BANC BANC US Ebrahim H. Poonawala Comerica Incorporated CMA CMA US Erika Najarian Commerce Bancshares Inc. CBSH CBSH US Ebrahim H. Poonawala Fifth Third Bank FITB FITB US Erika Najarian First Bancorp Puerto Rico FBP FBP US Ebrahim H. Poonawala First Hawaii
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Merrill Lynch Global Wealth Management
OrganizationInvestment management and financial planning service

Merrill Lynch
OrganizationAmerican investing and wealth management division of Bank of America
The Financial Service Board
OrganizationMerrill Lynch International
Organizationthe Australian Securities and Investments Commission
Organizationthe Hong Kong Securities and Futures Commission
OrganizationMerrill Lynch Canada Inc
Organizationthe Investment Industry Regulatory Organization of Canada
Organization
the Financial Services Agency
OrganizationMerrill Lynch Securities (Taiwan) Ltd.
Organizationthe Securities and Exchange Board of India
OrganizationOtoritas Jasa Keuangan
Organizationthe Dubai Financial Services Authority
OrganizationComisién Nacional del Mercado De Valores
Organizationthe Capital Market Authority
OrganizationBank of America Merrill Lynch International Limited
OrganizationMerrill Lynch International Bank Limited
OrganizationMerchant Bank
OrganizationDeals in commercial loans and investment

Bank of America
OrganizationAmerican multinational banking and financial services corporation

Donald Trump
PersonPresident of the United States (2017–2021, 2025–present)