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 Video: Compound Annual Growth Rate (CAGR) Definition
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| Date |
Open |
High |
Low |
Close |
Volume |
| 06/01/2023 |
$27.76 |
$27.98 |
$27.34 |
$27.78 |
57.43M | | 06/02/2023 |
$28.16 |
$28.95 |
$28.12 |
$28.71 |
66.58M | | 06/05/2023 |
$28.82 |
$28.82 |
$28.30 |
$28.54 |
34.76M | | 06/06/2023 |
$28.46 |
$29.43 |
$28.45 |
$29.23 |
46.30M | | 06/07/2023 |
$29.30 |
$29.65 |
$29.01 |
$29.48 |
44.48M |
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|
| Bank of America is a bank holding company. Through its subsidiaries, Co. provides banking, investing, asset management and other financial and risk management products and services. Co.'s segments are: Consumer Banking, which provides credit, banking and investment products and services; Global Wealth and Investment Management, which provides investment management, brokerage, banking and retirement products; Global Banking, which includes lending-related products and services, integrated working capital management and treasury solutions; Global Markets, which provides sales and trading services and research services; and All Other, which includes asset and liability management activities. | |
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Bank of America (BAC) has the following price history information. Looking back at BAC historical stock prices for the last five trading days, on June 01, 2023, BAC opened at $27.76, traded as high as $27.98 and as low as $27.34, and closed at $27.78. Trading volume was a total of 57.43M shares. On June 02, 2023, BAC opened at $28.16, traded as high as $28.95 and as low as $28.12, and closed at $28.71. Trading volume was a total of 66.58M shares. On June 05, 2023, BAC opened at $28.82, traded as high as $28.82 and as low as $28.30, and closed at $28.54. Trading volume was a total of 34.76M shares. On June 06, 2023, BAC opened at $28.46, traded as high as $29.43 and as low as $28.45, and closed at $29.23. Trading volume was a total of 46.30M shares. On June 07, 2023, BAC opened at $29.30, traded as high as $29.65 and as low as $29.01, and closed at $29.48. Trading volume was a total of 44.48M shares.
BAC Historical Stock Prices By Date:
Below, we examine the compound annual growth rate — CAGR for short — of an investment into Bank of America shares, starting with a $10,000 purchase of BAC, and working forward through the historical stock price information to today.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
06/11/2013 |
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| End date: |
06/07/2023 |
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| Start price/share: |
$13.12 |
|
| End price/share: |
$29.48 |
|
| Starting shares: |
762.20 |
|
| Ending shares: |
908.23 |
|
| Dividends reinvested/share: |
$4.98 |
|
| Total return: |
167.75% |
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| Average Annual Total Return: |
10.36% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$26,784.43 |
|
| Years: |
9.99 |
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Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
06/11/2013 |
|
| End date: |
06/07/2023 |
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| Start price/share: |
$13.12 |
|
| End price/share: |
$29.48 |
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| Dividends collected/share: |
$4.98 |
|
| Total return: |
162.65% |
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| Average Annual Total Return: |
10.14% |
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| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$26,255.54 |
|
| Years: |
9.99 |
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|
| Date |
Close |
| 06/01/2023 | $27.78 | | 06/02/2023 | $28.71 | | 06/05/2023 | $28.54 | | 06/06/2023 | $29.23 | | 06/07/2023 | $29.48 |
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