Tuesday, September 28

supply chain costs

2Q earnings, Bank of America, inflation, inflationary pressures, Markets, MI Exclusive, Q2 earnings, s&p 500, Stocks, supply chain costs, wage pressures

S&P 500 firms have discussed inflation a record number of times this quarter amid a 900% surge in mentions, BofA says

AP Photo/Sue Ogrocki Companies are increasingly flagging concerns about costs pressures stemming from inflation, Bank of America said Monday. Labor-related inflation has been cited the most in the consumer discretionary and industrials sectors, the most labor-intensive sectors in the S&P 500 index. Companies have posted record-high net margins of 13.1% in Q2 but those rates look set to moderate. See more stories on Insider's business page. Nearly unprecedented corporate earnings growth has propelled the S&P 500 to record highs during 2021. But Bank of America says companies in the index are getting increasingly concerned about the effects of inflation.Discussion of inflation on second-quarter earnings calls hit a record high, the investment bank said in a Monday client note. I...