If You Invested $100 In This Stock 20 Years Ago, You Would Have $1,300 Today
ABB (NYSE:ABB) has outperformed the market over the past 20 years by 5.91% on an annualized basis producing an average annual return of 13.45%. Currently, ABB has a market capitalization of $68.99 billion.
Buying $100 In ABB: If an investor had bought $100 of ABB stock 20 years ago, it would be worth $1,259.08 today based on a price of $37.12 for ABB at the time of writing.
ABB's Performance Over Last 20 Years
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.