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Financial research report / discovery document
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Summary
This document is a page from a Bank of America Merrill Lynch 'European Equity Strategy' report dated December 1, 2016. It provides a financial analysis predicting a return to positive Earnings Per Share (EPS) growth in 2017 based on global GDP forecasts and PMI indicators. The document bears a 'HOUSE_OVERSIGHT_014470' Bates stamp, indicating it was produced as part of a document production for a congressional investigation.
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Key Quotes (4)
"We think the earnings backdrop will be supportive in 2017 with a return to positive EPS growth in Europe for the first time since 2014"Source
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"Our base case assumes +7% EPS growth in 2017 and 2018."Source
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"Return to positive EPS growth feasible with global GDP at 3.5%"Source
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"Of 29 Markit PMIs 83% are currently above 50, highest since August 2014."Source
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