Results for “Bank of America Merrill Lynch Global Research”

From: Skip Rimer Sent: 4/25/2013 4:20:39 PM To: Jeffrey Epstein [[email protected]] cc: Subject: A message to Global Conference 2013 Attendees Importance: — High Dear Global Conference Registrant: We look forward to seeing you in a few days at the 16th annual Milken In...

…ls as a medium term trade. They’ve run up a lot this week but we’re getting endless calls from generalists asking which banks to buy — there is still more upside to the sector. Banks also provide some offset to your bonds if interest rates continue to move. Our financials sector...

…adline. 3) On personal income tax, Trump and Obama are actually on the same page in terms of taxing the wealthy. ° US banks have $100bn of excess capital in reserve: beyond what they need. Next big growth area for US banks is commercial banking loans. Growth driver for US econo...

… economic growth. But the prospect of any new taxes has long drawn skepticism from Republicans. Amanda Ens Director Bank of America Merrill Lynch Merrill Lynch, Pierce, Fenner & Smith Incorporated One Bryant Park, 5th Floor, New York, NY 10036 HOUSE_OVERSIGHT_014858

…ke Dodd Frank?) Problem in Egypt is that there is no one to talk to. Bob Zoellick (just retired as President of World Bank) Economics needs to be viewed as a dynamic in its own right, not just a function of political and social issues. Money is not enough. Structural and gov...

…d positive trends, but more ‘steady as it goes’ than absolute blow out. The stronger 4Q was highlighted as a tough ; ; BankofAmerica <2” 22 Internet/e-Commerce | 06 April 2017 Merrill Lynch HOUSE_OVERSIGHT_014908

e Work with existing private insurers e | Use a back-door approach and just force private employers to hire more Saudis The government could set up a state insurance company The government could set up a single-state insurer that is either funded through direct contributions o...

Table 17: Examples of management contracts Company _ Contracts Dallah Dallah has had two types of hospital contracts. One, which just involves management expertise, was worth SAR4.5m over five years and 10% of the hospitals income. The other was worth SAR89m over five years but...

Rationalization of subsidies for water and electricity The sweeping energy, water and electricity administered price changes introduced in December 2015 are a first step in the five-year fiscal consolidation and economic transformation strategy. We expect further reviews of ener...

…basis, a higher AWS revenue contribution, an increasing advertising contribution, and record gross profit margins. ; ; BankofAmerica <2” 16 Internet/e-Commerce | 06 April 2017 Merrill Lynch HOUSE_OVERSIGHT_014902

…asing comps and potential new ad format ramps (Google’s advertiser conference is May 23) could be positive 2H drivers. BankofAmerica <2 ; ; Merrill Lynch Internet/e-Commerce | 06 April2017 = 13 HOUSE_OVERSIGHT_014899

…Street EBITDA margins 25% 35% 35% 37% Source: BofA Merrill Lynch Global Research estimates, Bloomberg, as of 4/4/2017 BankofAmerica <2 ; ; Merrill Lynch Internet/e-Commerce | 06 April2017 27 HOUSE_OVERSIGHT_014913

…t the time of the IPO, and that culture of innovation, growth, and investing for attractive returns is alive and well. BankofAmerica <2” 42 2016 Future of Financials Conference | 17 November 2016 Merrill Lynch HOUSE_OVERSIGHT_014356

… for retail investors, although GARP focused Internet investors may prefer stronger growth at Google or Priceline. ; ; BankofAmerica <2” 18 Internet/e-Commerce | 06 April 2017 Merrill Lynch HOUSE_OVERSIGHT_014904

…ing indicates the security is not covered. Chart is current as of May 31,2017 or such later date as indicated. deg oes Bankof America 32 Global Equity Volatility Insights | 06 June 2017 Merrill Lynch HOUSE_OVERSIGHT_023606