Market Overview

Here's How Much Investing $1,000 In JPMorgan At Great Recession Lows Would Be Worth Today

Here's How Much Investing $1,000 In JPMorgan At Great Recession Lows Would Be Worth Today

Despite an extremely volatile, difficult and unpredictable 2020, the S&P 500 has managed to gain significant ground to new all-time highs in 2020. Investors who bought the dip during the sell-off early in the year have been rewarded with a fast market recovery.

Buying the dip was also a great move during the 2008 Great Recession, when the S&P 500 lost roughly 50% of its value, ultimately bottoming at 666.79 on March 9, 2009.

Since the bottom, the SPDR S&P 500 ETF Trust (NYSE: SPY) has generated a total return of 553% over the last 11-plus years.

JPMorgan’s Big Decade: One market leader in the last decade was big bank JPMorgan Chase & Co. (NYSE: JPM).

Big banks were crushed during the worst of the financial crisis in 2008 and 2009. JPMorgan did its part in helping mitigate the economic fallout by buying up the assets of failed financial institutions Bear Stearns and Washington Mutual in 2008.

JPMorgan started the 2010s trading at around $42.85. The early years of the decade were difficult for bank stocks.

JPMorgan shares hit their low point of the 2010s during the Eurozone debt crisis in 2011, dropping as low as $27.85.

JPMorgan made it back above $50 by early 2013 and was once again trading at all-time highs. The rally ultimately peaked at $119.33 in early 2018 before stalling. 

JPMorgan In 2020, Beyond: JPMorgan shares broke out to the upside again in the closing months of 2019, surging to a new all-time high of $141.10 before the COVID-19 sell-off pushed the stock back down to $76.91 in early 2020.

Since then, JPMirgan shares have rebounded back to around $101.

JPMorgan investors who held on through a volatile decade were rewarded for their patience, and $1,000 worth of JPMorgan bought on the day the S&P 500 bottomed in 2009 would be worth about $8,400 today, assuming reinvested dividends.

Looking ahead, analysts expect additional upside for JPMorgan in the next 12 months. The average price target among the 24 analysts covering the stock is $118.50, suggesting 17.5% upside from current levels.

Photo by M.O. Stevens via Wikimedia


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