HOUSE_OVERSIGHT_014380.jpg
Extraction Summary
0
People
7
Organizations
4
Locations
1
Events
1
Relationships
4
Quotes
Document Information
Type:
Financial analysis report
File Size:
Summary
This document is a financial analysis report from a Bank of America Merrill Lynch conference on November 17, 2016, providing valuations and price objectives for Citigroup, Citizens Financial Group, Comerica, and Commerce Bancshares. The document itself contains no information or mentions of Jeffrey Epstein, his associates, or related entities. Its only potential connection to a larger investigation is the Bates number 'HOUSE_OVERSIGHT_014380' in the footer, suggesting it was submitted as evidence to a congressional committee.
Organizations (7)
| Name | Type | Context |
|---|---|---|
| Citigroup Inc. (C) |
Subject of a financial valuation analysis with a $60 price objective.
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| Citi Holdings |
A division of Citigroup mentioned as causing an 'earnings drag'.
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| Citizens Financial Group (CFG) |
Subject of a financial valuation analysis with a $33 price objective.
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| Comerica Incorporated (CMA) |
Subject of a financial valuation analysis with a $55 price objective.
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| Commerce Bancshares Inc. (CBSH) |
Subject of a financial valuation analysis with a $60 price objective.
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| Bank of America Merrill Lynch |
The authoring organization of the financial analysis report.
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| HOUSE_OVERSIGHT |
Identifier in the document's footer (Bates number), likely referring to a U.S. House of Representatives oversight com...
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Timeline (1 events)
2016-11-17
2016 Future of Financials Conference, where this analysis was likely presented.
Unknown
Locations (4)
| Location | Context |
|---|---|
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Region mentioned in Citigroup's earnings analysis.
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Region mentioned in Citigroup's earnings analysis.
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Region mentioned in Citigroup's operational analysis.
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Region mentioned in Citigroup's operational analysis for its Global Consumer Banking (GCB).
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Relationships (1)
Money center banks (e.g., Citigroup)
→
Market dynamic
→
Regional banks
States that money center banks are expected to 'continue to trade at a discount to the regionals'.
Key Quotes (4)
"Near term, we view C's current market multiple as overly discounted, but expect money center banks will likely continue to trade at a discount to the regionals."Source
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Quote #1
"Downside risks to our price objective are: 1) a significantly delayed Fed rate hike leading to pressured revenue growth, 2) higher losses associated with CFG's consumer oriented loan portfolio, and 3) a quicker than expected credit normalization."Source
HOUSE_OVERSIGHT_014380.jpg
Quote #2
"Downside risks to our PO are a more severe than expected impact from lower energy prices, or a slower than expected rate of fed hikes."Source
HOUSE_OVERSIGHT_014380.jpg
Quote #3
"Downside risks to our price objective are regulatory headwinds, or longer-than-anticipated low-rate environment."Source
HOUSE_OVERSIGHT_014380.jpg
Quote #4
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