Bank of America (NYSE:BAC) has outperformed the market over the past 10 years by 6.54% on an annualized basis.
Buying $100 In BAC: 10 years ago, an investor could have purchased 12.55 shares of Bank of America at the time with $100. This investment in BAC would have produced an average annual return of 18.94%. Currently, Bank of America has a market capitalization of $352.89 billion.
Bank of America's Share Price Over Last 10 Years
If you had invested $100 in Bank of America you would have approximately $547.91 today.
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.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
