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Extraction Summary
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People
6
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 analysis report
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Summary
This document is page 70 of a Bank of America Merrill Lynch report from the '2016 Future of Financials Conference,' dated November 17, 2016. It presents a financial analysis, including valuation methodologies, price objectives, and risk assessments for Invesco (IVZ), JPMorgan Chase & Co. (JPM), Key Corp (KEY), and KKR & Co. (KKR). The document is stamped with the identifier 'HOUSE_OVERSIGHT_014384' but its content is purely financial and does not mention Jeffrey Epstein or any related individuals.
Organizations (6)
| Name | Type | Context |
|---|---|---|
| Invesco (IVZ) |
Subject of financial analysis with a $36 price objective.
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| JPMorgan Chase & Co. (JPM) |
Subject of financial analysis with an $83 price objective. Identified as a Global SIFI (Systemically Important Financ...
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| Key Corp (KEY) |
Subject of financial analysis with an $18 price objective.
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| KKR & Co. (KKR) |
Subject of financial analysis with a $17 price objective.
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| Bank of America Merrill Lynch |
Author/publisher of the financial analysis report.
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| HOUSE_OVERSIGHT |
Document identifier label, possibly referring to a U.S. congressional committee like the House Committee on Oversight...
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Timeline (1 events)
2016-11-17
The '2016 Future of Financials Conference' for which this document was prepared.
Locations (1)
| Location | Context |
|---|---|
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Mentioned in the context of the 'US economy'.
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Key Quotes (4)
"Our $36 price objective is based on a target P/E multiple of 14x our 2017E, which is above IVZ's historical valuation relative to the group given expectations for superior organic growth."Source
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Quote #1
"We use a three-factor valuation framework (P/E, P/TBV, DCF) to arrive at our $83 PO, assigning a 1.5x multiple to 2017E TBV and 13x multiple on 2017E EPS."Source
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Quote #2
"Specific to JPM, risks are enhanced regulatory and capital standards as a Global SIFI, mortgage putback risk, material decline in investment banking/trading profitability, and increased litigation..."Source
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Quote #3
"Our price objective (PO) for KKR is $17, which results in a target price-to-ENI (P/ENI or P/E) multiple of 10x our 2017 economic net income (ENI) estimate."Source
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Quote #4
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