Banking, finance, and taxes
If You Invested $1000 in JPMorgan at the Market Bottom, It Now Would Be Worth $9100
Published:
Last Updated:
Timing the market is easily one of the most difficult parts of trading. In particular, calling the market bottom and knowing when to get in is usually something investors only know way after the fact. 24/7 Wall St. is looking back to when the S&P 500 bottomed back in March 2009 to see how some of the major blue chips have fared since then.
Back on March 6, 2009, the S&P 500 bottomed out at 666.79, and from there began perhaps the biggest bull market of the modern era. At the most recent close, the S&P 500 was at 2,779.60, more than quadrupling its bottom nearly nine years ago.
So how does this measure up against JPMorgan Chase & Co. (NYSE: JPM)?
On an adjusted close basis, JPMorgan closed March 6, 2009, at $13.07 a share, and at $15.93 on an unadjusted basis. JPMorgan most recently closed at $118.77 on an adjusted basis.
Looking at the numbers, we can see that JPMorgan’s growth over this nine-year period outpaced the S&P 500 and the broad markets in general. Specifically, the megabank saw its shares gain just over 800%.
If you had invested $1,000 in JPMorgan back then, you would have $9,087.22 as of Monday’s close.
Over the past 52 weeks, JPMorgan has outperformed the broad markets, with its shares up about 31%. In just 2018 alone, JPMorgan is up 11%.
Shares of JPMorgan were last seen trading at $118.28, with a consensus analyst price target of $120.26 and a 52-week range of $81.64 to $119.33.
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
