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Type:
Financial conference report
File Size:
1.38 MB
Summary
This document is a one-page report from Bank of America Merrill Lynch summarizing their '2016 Future of Financials Conference' held on November 17, 2016. The report highlights a bullish investor tone heading into 2017 and presents poll data on portfolio positioning and shareholder attitudes toward innovation spending. Despite the query's premise, this specific document contains no discernible information related to Jeffrey Epstein, his associates, or his activities.
Organizations (3)
| Name | Type | Context |
|---|---|---|
| Bank of America Merrill Lynch |
Host of the 'Future of Financials conference' and author of the report.
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| BofA Merrill Lynch Global Research |
Cited as the source for the charts in the document.
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| HOUSE_OVERSIGHT |
Mentioned in the document identifier 'HOUSE_OVERSIGHT_014316', likely referring to a U.S. House of Representatives ov...
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Timeline (1 events)
17 November 2016
The '2016 Future of Financials Conference' was hosted by Bank of America Merrill Lynch. It had over 90 public and private companies and 700 attendees present. The conference included expert panels on financial innovation topics such as blockchain, big data, and robo advisory.
Not specified
Bank of America Merrill Lynch
90+ public and private companies
700+ attendees (investors, generalists, management)
Key Quotes (3)
"The tone from management and investors was uniformly bullish..."Source
HOUSE_OVERSIGHT_014316.jpg
Quote #1
"60% of the investors polled noted that they are either slightly overweight or very overweight the sector"Source
HOUSE_OVERSIGHT_014316.jpg
Quote #2
"68% of those polled... believed that institutions should invest in innovation projects but be mindful of self-funding"Source
HOUSE_OVERSIGHT_014316.jpg
Quote #3
Full Extracted Text
Complete text extracted from the document (2,076 characters)
Conference tone bullish into 2017
We recently hosted over 90 public and private companies and 700 attendees at our Future of Financials conference, where investor attendance was up an impressive 66% YoY. The tone from management and investors was uniformly bullish, with more generalists attending than we've seen in previous years. When asked how they would describe their portfolio positioning in financial stocks, 60% of the investors polled noted that they are either slightly overweight or very overweight the sector (see Chart 1).
We recently hosted over 90 public and private companies and 700 attendees at our Future of Financials conference, where investor attendance was up an impressive 66% YoY. The tone from management and investors was uniformly bullish, with more generalists attending than we've seen in previous years. When asked how they would describe their portfolio positioning in financial stocks, 60% of the investors polled noted that they are either slightly overweight or very overweight the sector (see Chart 1).
Chart 1: How would you describe your portfolio positioning in financial stocks, excluding insurance and REITs?
40%
35%
30%
25%
20%
15%
10%
5%
0%
Very overweight 23%
Slightly overweight 37%
Neutral 16%
Slightly underweight 15%
Very underweight 9%
40%
35%
30%
25%
20%
15%
10%
5%
0%
Very overweight 23%
Slightly overweight 37%
Neutral 16%
Slightly underweight 15%
Very underweight 9%
Source: BofA Merrill Lynch Global Research
New this year, we hosted expert panels on the evolution of clearing, fixed income market structure, equity market structure, and payments, and how innovation in blockchain, big data, and robo advisory can change the game. Strong panel attendance suggested high interest in these themes, and polling feedback suggests shareholders want banks to make investment spend in innovation a priority -- so long as its self funded with savings found elsewhere. 68% of those polled across multiple company presentations believed that institutions should invest in innovation projects but be mindful of self-funding (see Chart 2).
Chart 2: As a shareholder, what statement most closely aligns with your view on how traditional financial institutions should allocate investment spending on innovation?
80%
70%
60%
50%
40%
30%
20%
10%
0%
Investment spending on innovation should be top priority 26%
Given the revenue environment, institutions should invest in innovation projects but be mindful of self-funding 68%
Institutions should focus on improving the bottom line and delay innovation projects 6%
80%
70%
60%
50%
40%
30%
20%
10%
0%
Investment spending on innovation should be top priority 26%
Given the revenue environment, institutions should invest in innovation projects but be mindful of self-funding 68%
Institutions should focus on improving the bottom line and delay innovation projects 6%
Source: BofA Merrill Lynch Global Research
2
2016 Future of Financials Conference | 17 November 2016
2016 Future of Financials Conference | 17 November 2016
Bank of America
Merrill Lynch
Merrill Lynch
HOUSE_OVERSIGHT_014316
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