If You Invested $1000 in Visa at the Market Bottom, It Now Would Be Worth $12,000

Banking, finance, and taxes

Published: February 26, 2018 12:35 pm

Last Updated: January 12, 2020 3:02 am

One of the most difficult aspects of trading is timing the market. Odds are if you have been in the market over the past nine years, most likely you made some money. This bull market began in March of 2009, and 24/7 Wall St. is looking back to see how some major blue chip stocks compared to the broad markets over this time.

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 2,747.30, more than quadrupling its bottom nearly nine years ago.

So how does Visa Inc. (NYSE: V) compare to the markets over the past nine years?

On an adjusted close basis, Visa closed March 6, 2009, at $10.26 a share, or at $12.55 on an unadjusted basis. Visa most recently closed at $122.93 on an adjusted basis.

Looking at the numbers here, we can see that Visa’s growth over this period more than outpaced the broad markets, with shares gaining roughly 1,100%.

If you had invested $1,000 in Visa back then, you would have $11,981.48 as of last Friday’s close.

Over the past 52 weeks, Visa has outperformed the broad markets, with its shares up about 39%. In just 2018 alone, the credit card giant is up nearly 8%.

Shares of Visa were last seen trading near $124, with a consensus analyst price target of $140.23 and a 52-week range of $87.76 to $126.88.

ALSO READ: If You Invested $1000 in Bank of America at the Market Bottom, It Would Now Be Worth $11,000

Travel Cards Are Getting Too Good To Ignore (sponsored)

Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.

We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.

It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.

We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.