Bank of America (NYSE:BAC) has outperformed the market over the past 10 years by 1.64% on an annualized basis producing an average annual return of 12.14%. Currently, Bank of America has a market capitalization of $284.57 billion.
Buying $100 In BAC: If an investor had bought $100 of BAC stock 10 years ago, it would be worth $312.74 today based on a price of $35.59 for BAC at the time of writing.
Bank of America's Performance Over Last 10 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.