If you invested $1,000 in JP Morgan 10 years ago, here's how much you'd have now via CNBCMakeIt
J.P. Morgan Chase, the largest bank in the U.S., reported better-than-expected first-quarter earnings Friday. In its release, the company said the"impact of higher rates" boosted its results, as well as its net interest income.If you invested in J.P. Morgan 10 years ago that decision would have paid off: Per CNBC calculations, a $1,000 investment on April 12, 2009, would be worth just over $4,200 as of April 12, 2019, a total return of about 326%.
"Even amid some global geopolitical uncertainty, the U.S. economy continues to grow, employment and wages are going up, inflation is moderate, financial markets are healthy and consumer and business confidence remains strong." While J.P. Morgan's stock has performed well over the years, any individual stock can over- or underperform and past returns do not predict future results.
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