HOUSE_OVERSIGHT_023078.jpg
1.93 MB
Extraction Summary
1
People
6
Organizations
1
Locations
1
Events
0
Relationships
4
Quotes
Document Information
Type:
Financial research report / equity strategy report
File Size:
1.93 MB
Summary
A page from a Bank of America Merrill Lynch 'Equity Strategy Focus Point' report dated January 29, 2017. The document analyzes S&P 500 valuations, corporate leverage, and the potential financial impact of Donald Trump's proposed repatriation tax on accumulated overseas profits. It includes charts on share repurchases, fund manager surveys, and debt/EBITDA ratios, and bears a House Oversight Committee Bates stamp.
People (1)
| Name | Role | Context |
|---|---|---|
| Donald Trump | President (implied) |
Referenced in context of tax policy: "Trump's/the Blueprint's proposed rates" and "Trump's plan".
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Organizations (6)
| Name | Type | Context |
|---|---|---|
| Bank of America Merrill Lynch |
Creator of the report (Logo and Footer).
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| S&P |
Referenced in valuation tables and charts (S&P 500).
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| FactSet |
Cited as a source for charts and tables.
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| AAPL |
Cited as an example of a multinational that provisions for US taxes on overseas profit.
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| Russell 1000 |
Referenced in Chart 8.
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| House Oversight Committee |
Implied by the Bates stamp 'HOUSE_OVERSIGHT_023078'.
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Timeline (1 events)
Locations (1)
| Location | Context |
|---|---|
|
Implied by 'US Equity', 'US Quant Strategy', and US tax law discussions.
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Key Quotes (4)
"$8-9 (6-7%) hit to GAAP EPS from the mandatory tax on accumulated overseas profit"Source
HOUSE_OVERSIGHT_023078.jpg
Quote #1
"We estimate that a tax of accumulated overseas profits of $1.2tn would result in a cash tax impact of $100-120bn"Source
HOUSE_OVERSIGHT_023078.jpg
Quote #2
"Our analysis assumes Trump’s/the Blueprint’s proposed rates of 8.75%/10%"Source
HOUSE_OVERSIGHT_023078.jpg
Quote #3
"Leverage for S&P non-Financials has steadily been ticking up over the last few years"Source
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Quote #4
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