If You'd Invested $1,000 in BAC 5 Years Ago, Here's How Much You'd Have Today

Throughout this country, Bank of America (NYSE: BAC) branches are as common a sight as outlets of your favorite coffee chain or supermarket. The lender is one of the "Big Four" U.S. banks, alongside JPMorgan Chase, Wells Fargo, and Citigroup. As such, it's an important mover of the domestic economy. Does it belong in your portfolio, however? Let's take a look at how the stock has performed over time, and how attractive it is as an investment.Since Bank of America is something of a proxy for our economy, its performance over the past five years is in line with that classic proxy for the stock market, the S&P 500 index. A $1,000 investment in the bank made five years ago would have resulted in a total return (i.e., share-price appreciation plus dividends) of $2,010 today, not too far south from the $2,160 under the same conditions for the index. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool