Banking, finance, and taxes

If You Invested $1000 in JPMorgan at the Market Bottom, It Now Would Be Worth $9100

Thinkstock

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.

Get Ready To Retire (Sponsored)

Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future

Get started right here.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.