Results for “Bank of America Merrill Lynch Global Research”

…es anticipated dividend yield Cowen and Company Equity Research Rating Distribution Distribution of Ratings/Investment Banking Services (IB) as of 12/31/18 Rating Count Ratings Distribution Count IB Services/Past 12 Months Buy (a) 473 64.01% 116 24.52% Hold (b) 259 35.05% 20 7....

…anges, interest rate changes, credit risk, economic changes and the impact of adverse political or financial factors. Bank of America, Merrill, their affiliates, and advisors do not provide legal, tax, or accounting advice. Clients should consult their legal and/or tax advisor...

… the last 3-5 years the Resources sectors provided a 2.5 percentage point drag on annualized market EPS growth. In 2016 Banks have been the other big drag on market earnings. While structural headwinds to profitability mean the contribution of Banks remains open to debate, consen...

…up L.P, Virtus Investment Partners. Within the last 12 months, Morgan Stanley has received compensation for investment banking services from Apollo Global Management LLC, Ares Management, L.P, BlackRock Inc., Charles Schwab Corp, E*Trade Financial Corp, Franklin Resources Inc.,...

…orld OECD 0.05% 1980 1983 1986 1989 1992 1995 1998 2001 2004 2007 Source: ISI Group, International Energy Agency, World Bank. Actual and projected fuel economy for new passenger vehicles by country, Miles per gallon 20 2002 2005 2008 2011 2014 2017 Source: The International Counc...

…gist MLI (UK) +44 20 7995 6118 [email protected] 28 Global Cross Asset Strategy - Year Ahead | 30 November 2016 Bankof America 2 Merrill Lynch HOUSE_OVERSIGHT_014459

…ed at 54 so we would look for upside to our base case EPS forecast should PMIs improve to the mid-50s level or beyond. Bankof America <> : Merrill Lynch European Equity Strategy |01 December 2016 =—-11 HOUSE_OVERSIGHT_014470

…; • cost of living; • tax structures and rates; • insurance considerations; • financing opportunities; • banking services; • social and cultural climate; • quality of life; • local and physical infrastructure; • proximity to suppliers/resources; • ac...

…iven the rapid growth in part-timers’ wages, such cost savings is likely to become increasingly difficult to maintain. Bankof America 6 Japan Economics Viewpoint | 18 November 2016 Merrill Lynch HOUSE_OVERSIGHT_014415

…of 4/4/2017 Source: BofA Merrill Lynch Global Research, Bloomberg, as of 4/4/2017 6 Internet/e-Commerce | 06 April 2017 Bankof America 2 Merrill Lynch HOUSE_OVERSIGHT_014892

…s year was to buy something when it has oversold, underowned and unloved, like Miners and Emerging Markets in February, Banks in July, the Nikkei the day of the US election and sell when the opposite e.g. bonds and defensive equities shortly after Brexit. Our CTI models did actua...

…2/10 (022 = (02/14 02/16 Source: BofA Merrill Lynch Global Research, Datastream, IBES —— Utility 12m fwd DY relative Bankof America Merrill Lynch European Equity Strategy |O01 December 2016 35 HOUSE_OVERSIGHT_014494

…il & Gas { AS 4 Autos 0.8 05 Autos 0 “12 8 Insurance 0.9 08 Chemicals 0 8 0 Technology 1.0 06 Travel & Leisure 0 -27 37 Banks 10 06 Financial Services -| 3 43 FinServ 10 06 Construction & Materials 0 -17 45 Industrials 15 14 Retail 0 -42 90 Oils 16 09 Insurance 36 0 94 Chemicals...

…l a positive for USD/JPY’s uptrend. Overbought conditions can persist longer in uptrends, but at some point this could Bankof America 2 Japan Macro Watch | 14 November 2016 Merrill Lynch HOUSE_OVERSIGHT_014425

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