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People
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Organizations
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Locations
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Events
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Relationships
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Quotes

Document Information

Type: Financial research report / house oversight document production
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Summary

This document is page 10 of a Bank of America Merrill Lynch 'European Equity Strategy' report dated December 1, 2016. It provides financial analysis comparing European and US equity markets, specifically focusing on Equity Risk Premium (ERP) and Cost of Equity (CoE) post-Brexit. The document bears the Bates stamp 'HOUSE_OVERSIGHT_014469', indicating it was produced as part of a House Oversight Committee investigation, likely related to financial institutions connected to Jeffrey Epstein, though Epstein is not explicitly named on this specific page.

Timeline (3 events)

2008
GFC (Global Financial Crisis) referenced in analysis
Global
2016
Brexit (Referenced as context 'post-Brexit highs')
Europe
2016-12-01
Publication of European Equity Strategy report
Europe/US

Locations (2)

Location Context
US

Key Quotes (3)

"Europe’s ERP on our model is 6.9% – down from the post-Brexit highs at 7.5%"
Source
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Quote #1
"Europe cost of equity higher than long-run average compared to US."
Source
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Quote #2
"The implied CoE for the S&P500 on an equivalent model is 5.64%, which is now at an 11-year low and 130bp below the 10-year average."
Source
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Quote #3

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