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If You Invested $100 In This Stock 10 Years Ago, You Would Have $500 Today

Bank of America (NYSE:BAC) has outperformed the market over the past 10 years by 4.7% on an annualized basis producing an average annual return of 16.56%. Currently, Bank of America has a market capitalization of $279.82 billion.

Benzinga · 06/09/2022 17:11

Bank of America (NYSE:BAC) has outperformed the market over the past 10 years by 4.7% on an annualized basis producing an average annual return of 16.56%. Currently, Bank of America has a market capitalization of $279.82 billion.

Buying $100 In BAC: If an investor had bought $100 of BAC stock 10 years ago, it would be worth $463.68 today based on a price of $34.73 for BAC at the time of writing.

Bank of America's Performance Over Last 10 Years

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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.