HOUSE_OVERSIGHT_014449.jpg

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Extraction Summary

2
People
23
Organizations
1
Locations
0
Events
0
Relationships
3
Quotes

Document Information

Type: Financial research report / investment strategy note
File Size:
Summary

A page from a Bank of America Merrill Lynch 'Global Cross Asset Strategy' report dated November 30, 2016. The document details a 'European Yield Screen' listing various bank and insurance stocks (e.g., ING, Danske Bank, Societe Generale) and recommends a trading strategy involving 'Long SX5E 2018 Index dividend futures.' The document bears the Bates stamp 'HOUSE_OVERSIGHT_014449,' indicating its inclusion in a Congressional investigation.

People (2)

Name Role Context
Unknown Analysts Fundamental Analysts
Mentioned in text: 'qualifying stocks must be on a Buy rating from our fundamental analysts.'
Unknown Strategists Derivative Strategists
Mentioned in text: 'Our derivative strategists using BofAML forecasts...'

Organizations (23)

Name Type Context
Bank of America Merrill Lynch
Logo and footer text present on document.
Factset
Cited in the source note under Table 3.
House Oversight Committee
Implied by Bates stamp 'HOUSE_OVERSIGHT_014449'.
DNB ASA
Listed in Table 3.
SWISS RE AG
Listed in Table 3.
MEDIOBANCA SPA
Listed in Table 3.
SCOR SE
Listed in Table 3.
ING GROEP N.V.
Listed in Table 3.
NORDEA BANK AB
Listed in Table 3.
ROYAL MAIL PLC
Listed in Table 3.
DANSKE BANK A/S
Listed in Table 3.
SOCIETE GENERALE
Listed in Table 3.
AVIVA
Listed in Table 3.
CAPITA PLC
Listed in Table 3.
SAMPO PLC
Listed in Table 3.
SKAND ENSKILDA BKN
Listed in Table 3.
INVESTEC
Listed in Table 3.
ERSTE GROUP BK AG
Listed in Table 3.
ATLANTIA SPA
Listed in Table 3.
MAN GROUP PLC
Listed in Table 3.
EVONIK INDUSTRIES
Listed in Table 3.
G4S
Listed in Table 3.
IMI
Listed in Table 3.

Locations (1)

Location Context
Context of the 'European Yield Screen' and 'European Quality Yield Screen'.

Key Quotes (3)

"The yield on the basket is 5% with an average DPS CAGR of 7% and 1.8x covered."
Source
HOUSE_OVERSIGHT_014449.jpg
Quote #1
"With our second dividend related trade, we remain long SX5E 2018 index dividend futures (DEDZ8), a trade where we continue to see value even with the future price trading close to the high for the year."
Source
HOUSE_OVERSIGHT_014449.jpg
Quote #2
"Our derivative strategists using BofAML forecasts for 2018 estimate 8% upside from current prices."
Source
HOUSE_OVERSIGHT_014449.jpg
Quote #3

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