$1000 Invested In Bank of America 15 Years Ago Would Be Worth This Much Today

Bank of America BAC has outperformed the market over the past 15 years by 1.67% on an annualized basis producing an average annual return of 14.05%. Currently, Bank of America has a market capitalization of $273.18 billion.

Buying $1000 In BAC: If an investor had bought $1000 of BAC stock 15 years ago, it would be worth $7,396.81 today based on a price of $34.60 for BAC at the time of writing.

Bank of America's Performance Over Last 15 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.