If You Invested $10K In Bank of America Stock 10 Years Ago, How Much Would You Have Now?

Bank of America Corp. BAC provides various financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide.

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If You Bought Bank of America Stock 10 Years Ago

The company's stock traded at approximately $16.45 per share 10 years ago. If you had invested $10,000, you could have bought roughly 608 shares. Currently, shares trade at $40.93, meaning your investment's value could have grown to $24,881 from stock price appreciation alone. However, Bank of America also paid dividends during these 10 years.

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Bank of America's dividend yield is currently 2.54%. Over the last 10 years, it has paid about $6.84 in dividends per share, which means you could have made $4,158 from dividends alone.

Summing up $24,881 and $4,158, we end up with the final value of your investment, which is $29,039. This is how much you could have made if you had invested $10,000 in Bank of America stock 10 years ago. This means a total return of 190.39%. However, this figure is less than the S&P 500 total return for the same period, which was 219.60%.

What Could The Next 10 Years Bring?

Bank of America has a consensus rating of "Buy" and a price target of $45.31 based on the ratings of 25 analysts. The price target implies more than a 10% potential upside from the current stock price.

On April 15, the company announced its Q1 2025 earnings, posting EPS of $0.90, beating the analyst consensus estimate of $0.81, as reported by Benzinga.

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Revenue, net of interest expense, increased 6% year-over-year to $27.37 billion, above the analyst consensus estimate of $26.99 billion.This was driven by noninterest income growth across all segments and higher net interest income.

Bank of America reiterated Q4 net interest income of around $15.5 billion to $15.7 billion.

Check out this article by Benzinga, which looks at Bank of America’s recent unusual options activity.

Given the expected upside potential, growth-focused investors may find Bank of America stock attractive. Furthermore, they can benefit from the company's solid dividend yield of 2.54% and consistent hikes. Bank of America has raised its dividend consecutively for the last 11 years.

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