• Sun. Sep 25th, 2022

If You Invested $100 In This Stock 10 Years Ago, You Would Have $400 Today

ByBenzinga Insights

Aug 15, 2022
If You Invested $100 In This Stock 10 Years Ago, You Would Have $400 Today

 

Bank of America BAC has outperformed the market over the past 10 years by 4.29% on an annualized basis producing an average annual return of 15.92%. Currently, Bank of America has a market capitalization of $288.31 billion.

Buying $100 In BAC: If an investor had bought $100 of BAC stock 10 years ago, it would be worth $440.37 today based on a price of $35.88 for BAC at the time of writing.

Bank of America’s Performance Over Last 10 Years

Finally — what’s the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.



Image and article originally from www.benzinga.com. Read the original article here.