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 Video: Compound Annual Growth Rate (CAGR) Definition
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| Date |
Open |
High |
Low |
Close |
Volume |
| 10/16/2019 |
$30.37 |
$30.72 |
$30.15 |
$30.17 |
87.13M | | 10/17/2019 |
$30.30 |
$30.54 |
$30.00 |
$30.26 |
55.58M | | 10/18/2019 |
$30.13 |
$30.49 |
$30.10 |
$30.35 |
48.87M | | 10/21/2019 |
$30.67 |
$31.15 |
$30.63 |
$31.02 |
61.09M | | 10/22/2019 |
$30.97 |
$31.37 |
$30.75 |
$31.20 |
58.66M |
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|
| Bank of America is a bank and a financial holding company. Through its subsidiaries, Co. provides a range of banking, investing, asset management and other financial and risk management products and services. Co.'s segments include: 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 provides lending-related products and services, integrated working capital management and treasury solutions, and underwriting and advisory services; and Global Markets, which provides sales and trading services and research services. | |
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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 October 16, 2019, BAC opened at $30.37, traded as high as $30.72 and as low as $30.15, and closed at $30.17. Trading volume was a total of 87.13M shares. On October 17, 2019, BAC opened at $30.30, traded as high as $30.54 and as low as $30.00, and closed at $30.26. Trading volume was a total of 55.58M shares. On October 18, 2019, BAC opened at $30.13, traded as high as $30.49 and as low as $30.10, and closed at $30.35. Trading volume was a total of 48.87M shares. On October 21, 2019, BAC opened at $30.67, traded as high as $31.15 and as low as $30.63, and closed at $31.02. Trading volume was a total of 61.09M shares. On October 22, 2019, BAC opened at $30.97, traded as high as $31.37 and as low as $30.75, and closed at $31.20. Trading volume was a total of 58.66M 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: |
10/23/2009 |
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| End date: |
10/22/2019 |
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| Start price/share: |
$16.22 |
|
| End price/share: |
$31.20 |
|
| Starting shares: |
616.52 |
|
| Ending shares: |
682.39 |
|
| Dividends reinvested/share: |
$2.15 |
|
| Total return: |
112.90% |
|
| Average Annual Total Return: |
7.85% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$21,295.68 |
|
| Years: |
10.00 |
|
| |
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/23/2009 |
|
| End date: |
10/22/2019 |
|
| Start price/share: |
$16.22 |
|
| End price/share: |
$31.20 |
|
| Dividends collected/share: |
$2.15 |
|
| Total return: |
105.61% |
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| Average Annual Total Return: |
7.47% |
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| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$20,556.93 |
|
| Years: |
10.00 |
|
|
|
| Date |
Close |
| 10/16/2019 | $30.17 | | 10/17/2019 | $30.26 | | 10/18/2019 | $30.35 | | 10/21/2019 | $31.02 | | 10/22/2019 | $31.20 |
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