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Extraction Summary
0
People
6
Organizations
1
Locations
1
Events
1
Relationships
3
Quotes
Document Information
Type:
Financial research report / conference document
File Size:
Summary
This document is page 74 of a financial analysis report by Bank of America Merrill Lynch, dated November 17, 2016, for the '2016 Future of Financials Conference'. It provides valuation frameworks, price objectives, and risk analyses for four banking institutions: PNC, U.S. Bancorp, UMB Financial, and Wells Fargo. The document contains no mention of Jeffrey Epstein; its 'Epstein-related' nature likely stems from its inclusion in a larger collection of documents, indicated by the 'HOUSE_OVERSIGHT_014388' label.
Organizations (6)
| Name | Type | Context |
|---|---|---|
| The PNC Financial Services Group, Inc. (PNC) |
Subject of financial valuation with a $110 price objective.
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| U.S. Bancorp (USB) |
Subject of financial valuation with a $50 price objective. Noted as a Domestic SIFI (Systemically Important Financial...
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| UMB Financial Corporation (UMBF) |
Subject of financial valuation with a $78 price objective.
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| Wells Fargo & Company (WFC) |
Subject of financial valuation with a $55 price objective. Described as the second largest US depository.
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| Bank of America Merrill Lynch |
Author/Publisher of the financial analysis document.
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| HOUSE_OVERSIGHT |
Appears as a document control number or Bates stamp (HOUSE_OVERSIGHT_014388), likely indicating the document is part ...
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Timeline (1 events)
2016-11-17
2016 Future of Financials Conference, for which this document was likely prepared.
Not specified
Locations (1)
| Location | Context |
|---|---|
|
Implied location of the analyzed banks, as Wells Fargo is referred to as the 'second largest US depository'.
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Relationships (1)
The document is a financial analysis of the four banking companies, authored by Bank of America Merrill Lynch, providing valuation frameworks and price objectives.
Key Quotes (3)
"Specific to USB, risks are enhanced regulatory scrutiny and capital standards as a Domestic SIFI and an announcement of a large expensive deal that could weigh on the stock price."Source
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Quote #1
"Downside risks to our price objective are continued rising long rates, which could negatively impact the company's sizable securities book and erode tangible book value."Source
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Quote #2
"...we are assuming WFC trades in line with peers due to a higher percentage of earnings from mortgage banking and accretable yield, as well as potentially greater regulatory scrutiny as the second largest US depository."Source
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Quote #3
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