Inflation has been higher under Biden, but rising pay more than makes up for it [Yahoo! Finance]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: Yahoo! Finance
The short answer: further than inflation. Since February 2020, the Consumer Price Index has climbed a cumulative 20.8%, according to Bureau of Labor Statistics data. Over that same period, average hourly earnings rose 22.3%. The chart below shows the result: Inflation-adjusted hourly earnings (the yellow line) have increased 1.5% since December 2019, indicating a net gain for workers' average spending power. Still, many consumers appear to be taking little consolation in those strides. While price growth for some common purchases is slowing or even reversing, there are few parts of the economy where prices are outright lower today than pre-pandemic. And while average pay gains have narrowly outpaced inflation, that's not the case for every household. Inflation remains high — but is slowing Inflation has slipped lately in Americans' rankings of the most important problems facing the country today, according to Gallup . But given the persistence of higher prices, feelings a
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News
- Top U.S. banks hike dividends after sailing through Fed's stress test [Yahoo! Finance Canada]Yahoo! Finance Canada
- Top U.S. banks hike dividends after sailing through Fed's stress test [Yahoo! Finance]Yahoo! Finance
- Bank of America Comments on Stress Test Results; Plans to Increase Quarterly Dividend 8% to $0.26 Per Share [Yahoo! Finance]Yahoo! Finance
- Bank of America Comments on Stress Test Results; Plans to Increase Quarterly Dividend 8% to $0.26 Per SharePR Newswire
- France Leads European Stocks Lower in Shaky End to First Half [BNN Bloomberg (Canada)]BNN Bloomberg
BAC
Earnings
- 4/16/24 - Beat
BAC
Sec Filings
- 6/28/24 - Form FWP
- 6/28/24 - Form 8-K
- 6/28/24 - Form 8-K
- BAC's page on the SEC website