EFTA01458545.pdf

Figure 28: S&P 500 Annual EPS Outlook and Ft (based on current constituents in the index unless specified) 2.,,:, De us sway Seam i moreweea2DIS Ossemest 26034 2W-4 20374 70061 -,.6094 91/06 2611A .70, 24 :V.13.6 :N6,44 ,,,, 7l1'E .\ ':: --t 7016E %., t( lbeIN6r. .5166 50019.844.1orkal WS 576211 0111.111 1111112 9%47 840.40 316.21 Ma 1103.78 SI 10.30 911892 76% .5•V 54013951342431<amelluento 879.48 $01.20 IMPS 5714/1 564.40 Maiii MIN 2105.04 3111.40 311033 62% 311401 Od% 163029 49% 3120 IA% 3126 37% 9123 103% Sector 1 661 -949 • 14 41...,J9 I94.-.4. r en/ N.. nnwe. 'SI .4 rt FPS 4~0, NI "C.,,,,,,,,,Inia..1st- ennreJt....e., 9. fte+9,9Jr.9.-.1FP-- 560 553 540 42 4 501 762 855 921 »13 1055 5r% 1184 II 41 I». 'S3* 115.8 , , 3% Eno 9 Pe 11115 190% 519 672 613 67.0 971 738 782 759 635 954 23% 854 .074 925 F.:* 570 .94 910 2 79- 57.0 ICO% 946 1752 120 1 1432 eoe 933 1302 1734 1152 1136 d4% 472 565% 509 6 -.J. 450 60 Jet 050 333% 95.0 m% 047 1746 1449 -210 065 '233 »31 1615 'WI 1939 64% 2210 '544 2419 , .• MO 1061 235.0 645 223.0 1034 Faro 001 734 B23 87.3 510 1021 1102 1131 1187 1376 160% 1522 1136% 1682 , .. 1550 133% 1700 99% 1529 98% 642 7I? Ge 4 H5 535 737 930 918 102.7 '134 vas% 1115 02% 1725 1130 -92% 1120 35e 111.7 33% ..,,,n,T«ncengy 64.1 932 121 7 1216 IOL 8 1.60 7 174 4 161.7 1913 2078 416% 221 7 171 2C7 2220 63% 237.0 !6% 2720 100% -a. 00 208 245 209 131 247 31.5 291 305 331 67% 924 .2192 373 SO 7 3% SO 0l% ».0 100% 129 163 233 239 196 207 200 215 227 293 2491 210 96% 324 310 24% 31.0 VO% 31.0 109% ..•:,69., 213 222 258 268 265 281 294 297 302 2)1 52% 210 -02% 344 330 92% 54.1 22% 330 10014 >699.7)4 b•0 0054 »0 7422 6636 100 174 7 6615 9306 503? 10437 64% 10:6 6 00% 11403 '• - 11331.15 14% 11311 67% 1087-1 ICI% 569 44 Fnencule eln6 4710 511 4 5973 610 7 t964 or 4 7483 767 3 796 1 8388 79% 8348 -70% 9184 — ; 5385 -,49 901.1 76% 1781 104% 5.5114x Elyarw ~I 5111 5409 MI 4466 2921 8794 751 2 9074 9710 ØI 7 51 ;0086 77% 11094 ' 10111 961 1075.1 59% 1012.1 KO% »Pox loch»al 3715 4079 6705 4680 4382 6241 707.0 746 I 7110 9119 59% 8340 .09% 0176 1095 03% 9111 /1% 8761 104% L16149•61.rortern 411.4) M2 243» 264 9 n222 1174 2241 260 7 :619 3964 3945 0 -69 2062 .779% 2928 -. • 2010 '.:9% 2160 /0 1% 391.0 115% 9449 ex Erer 441»449•14 6461 3765 4162 4772 467 5 4256 5C01 6182 6439 6909 7452 8.4% 7876 57% 8675 C ' k., 793_6 !6% 141.1 6 Ces MI 93% 2•9444en 01641609 rentn 1941DB 6% > 41% 52% 53% 27% 04% 52% 39% 32% 281 14% 7:N 3G% US 6179 90941 teal D8 ea I 3n% 27% 18% 03% -28% 25% 19% 28% 19% 26% : C, 30% 115 I» Fl »tip • 1PP DB 441 I 941 71R 3F% 41% 441% 94% 92% 591 41% -551 -6% USUrtircloyincellteee heamed. 213441 I 49% 44% 50% 7.31 99% 95% 86% 78% 70% 57% 4.7A 45% 05 lOvr Ir4•4469 »11«nee« °Well I 44% 47% 39% 25% 38% 33% 10% i8% 10% 2.2% 25% 30% Pont bocelca 1091%ta »V 57 89 84 14.3 233 Lcen Lon Provtaa9194 of lc". 0•4 ou I 08% 07% 13% 3.0% 42% 26% 12! 08% 04% 04% 06% 06* 08% 85$160-olaven9tyovon3 C7/.7t1 I 26/1 18 120'132 I 377I 46 147/I 40 I 3WI 32 1331129 1»I 93 12341'y^ 1 33/I 93 I »I 21 -31 10 3103106 37161 ': 4930$ Pico (15/126cenz.S4411 56/54 MC e7;72 Ka97 6531 »79 9N111 »III 93/103 9399 -353 4-.9 N464.1 1444 9.9~ PI» Vretnteul 867 674 e 96 800 305 440 199 2.75 3,73 426 -250 -34A 211.132 9106)11M25 19•41, 411doelese) /Mtn Dillakintert Bedlealetp187900 20» 7026 2027 2208 2029 2010 2011 2012 2013 2014 7015 2016 2015 2016 Nteld Payout' 12015I Consumer DIserenonary 175 20 8 190 156 186 165 147 165 209 210 194 168 19.4 17.7 16% 308% Consurnor »pits 161 168 176 141 ISO 154 158 165 188 202 196 II 1 192 118 28% 544% Energy 102 104 128 70 179 134 106 n4 147 132 248 230 26.0 19.5 38% 962% Finsix.6 110 138 148 NA 26.1 144 122 12.6 143 161 12.7 11.6 12.6 12.0 22% 272% El•altn Care 178 176 16.3 1I2 125 n3 115 133 177 184 161 146 117 14.4 I 7% 281% Industnals 184 182 170 106 182 166 131 141 ISO 174 154 14.2 115 15.0 25% 395% Inktmatnn Techn:44gy 198 187 179 103 18.9 144 125 134 154 176 166 143 116 14.6 18% 280% M91444,61 169 163 16.6 108 263 178 124 166 183 173 148 12.8 146 145 26% 350% tek<ommuneelOn Semen 132 167 168 11,1 13.6 144 161 164 169 142 12.0 11,6 120 12.0 65% 669% LAM% 151 166 173 116 127 123 137 140 iss 178 160 113 160 16.6 39% 618% SCO 159 157 161 129 176 144 128 138 158 174 Is I 147 0 1 0 23% 36 7% S&P ex Nnencals 146 143 15.8 118 18.4 149 136 144 174 110 170 114 139 15.7 23% 393% S&P ex Energy 170 16.8 16.8 147 17.5 146 131 14.1 17.1 17,9 II 7 14.3 116 147 22% 341% S&P ex Tech 163 163 16.8 135 172 144 128 139 169 174 162 148 16.1 16.1 24% 390% '3UI SE.!Ipr1GS It109 014351110a 'renew& %%noels 130 125 139 173 218 140 114 121 11.5 ISO 149 136 141 13.5 26% S&P ex Energy & Fnanc6/, 177 180 174 II 7 164 146 134 145 179 184 165 ISO 194 15.5 22% More ~2013PE~el on ye, wir:I ~ex 2014/2015 PEDanen ant ~as K end 08 IS Stay Sraw? fØtlnMn» 20144,7:1 2017 Dmderd ena pryag a Annalimeoesta 04+70,1 Sin Carve.,"sit Ant Cal. DeursoN On Nabs »sewn Then 44 9992075 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DS-SDNY-0118509 CONFIDENTIAL SDNY_GM_00264693 EFTA01458545