EFTA Document EFTA01459630

8 February 2016 US Equity Insights IFigure 5: Btrn-up 2016E EPS revisions since December 1st •40 Reported a Blended -15% -12% -9% -6% -3% 0% Disc Staples _631% Energy Financials -46 2% Health Care Industrials Tech Matenals Telecom Utilities S&P ex Fin cx. En ex Tech En, Fin. Ex. En, Fin -15% MB. -31% 4.0% -10.1% t1/2 at <enchain Wendell • by asse than Mar mated 40 IS mat Sane Deady aric. gen -30% 0l5% 0.4% Figure 6: Change in btrn-up 4O15 EPS since 9130/2015 (