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Extraction Summary
2
People
5
Organizations
0
Locations
3
Events
1
Relationships
3
Quotes
Document Information
Type:
Financial conference presentation slide / research report page
File Size:
Summary
This document is a slide from a Bank of America Merrill Lynch 'Future of Financials Conference' on November 17, 2016. It displays polling data regarding investor sentiment towards Zions Bancorporation (ZION) and includes key takeaways from a presentation by Goldman Sachs executives Harvey Schwartz and Harit Talwar. Despite the prompt, the document contains no information, names, or events related to Jeffrey Epstein.
People (2)
| Name | Role | Context |
|---|---|---|
| Harvey Schwartz | CFO |
CFO of Goldman Sachs (GS) who presented at the 2016 Future of Financials Conference.
|
| Harit Talwar | Head of Digital Finance |
Head of Digital Finance at Goldman Sachs (GS) who presented at the 2016 Future of Financials Conference.
|
Organizations (5)
| Name | Type | Context |
|---|---|---|
| Bank of America Merrill Lynch |
Author of the research report and host of the '2016 Future of Financials Conference'.
|
|
| Zions Bancorporation (ZION) |
Subject of financial analysis and polling data presented in Charts 52, 53, and 54.
|
|
| Goldman Sachs (GS) |
Subject of the 'Brokers Top 5 Takeaways' section. Executives from the firm presented at the conference.
|
|
| Marcus |
A consumer lending brand of Goldman Sachs, mentioned as an opportunity for the firm.
|
|
| HOUSE_OVERSIGHT |
Appears as part of a Bates number (HOUSE_OVERSIGHT_014349) at the bottom of the page, possibly indicating the documen...
|
Timeline (3 events)
17 November 2016
Bank of America Merrill Lynch's '2016 Future of Financials Conference' took place, where executives from Goldman Sachs presented.
2016
Investor polls were conducted regarding catalysts for ZION shares, desired CCAR payout levels for ZION, and preferences for ZION's expense management.
Investors
2016
An investor poll was conducted asking what would increase investor interest in Goldman Sachs (GS) stock.
Investors
Relationships (1)
Both are executives at Goldman Sachs (CFO and Head of Digital Finance, respectively) and presented together at the conference.
Key Quotes (3)
"What do you consider as the single most important catalyst for ZION shares in 2017?"Source
HOUSE_OVERSIGHT_014349.jpg
Quote #1
"Compared to this year's CCAR capital ask which implies a total payout of ~60%, what level would you like to see ZION's 2017 CCAR payout increase to?"Source
HOUSE_OVERSIGHT_014349.jpg
Quote #2
"Overall, Harvey and Harit were optimistic about the consumer lending opportunity with Marcus as well as the overall outlook for the firm."Source
HOUSE_OVERSIGHT_014349.jpg
Quote #3
Full Extracted Text
Complete text extracted from the document (1,702 characters)
Chart 52: What do you consider as the single most important catalyst for ZION shares in 2017?
35%
30%
25%
20%
15%
10%
5%
0%
14%
Greater comfort around potential energy losses
14%
More aggressive capital return to shareholders
29%
Stronger revenue growth regardless of what happens to interest rates
21%
Continued expense savings to achieve an efficiency ratio in the low 60%s for FY17
21%
Higher interest rates
Source: BofA Merrill Lynch Global Research
35%
30%
25%
20%
15%
10%
5%
0%
14%
Greater comfort around potential energy losses
14%
More aggressive capital return to shareholders
29%
Stronger revenue growth regardless of what happens to interest rates
21%
Continued expense savings to achieve an efficiency ratio in the low 60%s for FY17
21%
Higher interest rates
Source: BofA Merrill Lynch Global Research
Chart 53: Compared to this year's CCAR capital ask which implies a total payout of ~60%, what level would you like to see ZION's 2017 CCAR payout increase to?
40%
35%
30%
25%
20%
15%
10%
5%
0%
21%
Remain at 60%
21%
70%
21%
80%
36%
Greater than 80%
Source: BofA Merrill Lynch Global Research
40%
35%
30%
25%
20%
15%
10%
5%
0%
21%
Remain at 60%
21%
70%
21%
80%
36%
Greater than 80%
Source: BofA Merrill Lynch Global Research
Chart 54: ZION expects total expenses in 2016 to come in below $1.58bn and then slightly increase in 2017. Would you prefer absolute expenses be flat to down in 2017?
80%
70%
60%
50%
40%
30%
20%
10%
0%
69%
Yes
31%
Indifferent; I'm more focused on the efficiency target
Source: BofA Merrill Lynch Global Research
80%
70%
60%
50%
40%
30%
20%
10%
0%
69%
Yes
31%
Indifferent; I'm more focused on the efficiency target
Source: BofA Merrill Lynch Global Research
Brokers Top 5 Takeaways
Goldman Sachs (GS), B-1-7, Buy
- GS' Harvey Schwartz, CFO, and Harit Talwar, Head of Digital Finance presented at our conference. Overall, Harvey and Harit were optimistic about the consumer lending opportunity with Marcus as well as the overall outlook for the firm.
- When asked about what would get investors more interested in GS stock, 51% of the investors responding to the poll voted for a stronger revenue backdrop, while 34% voted for normalizing regulations and ability to return more capital.
Goldman Sachs (GS), B-1-7, Buy
- GS' Harvey Schwartz, CFO, and Harit Talwar, Head of Digital Finance presented at our conference. Overall, Harvey and Harit were optimistic about the consumer lending opportunity with Marcus as well as the overall outlook for the firm.
- When asked about what would get investors more interested in GS stock, 51% of the investors responding to the poll voted for a stronger revenue backdrop, while 34% voted for normalizing regulations and ability to return more capital.
Bank of America
Merrill Lynch
Merrill Lynch
2016 Future of Financials Conference | 17 November 2016 35
HOUSE_OVERSIGHT_014349
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