If You Invested $10,000 In Bank of America Stock 10 Years Ago, How Much Would You Have Now?

Bank of America BAC provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide.

It is set to report its Q1 2025 earnings on April 15. Wall Street analysts expect the company to post EPS of $0.85, up from $0.83 in the prior-year period. According to Benzinga Pro, quarterly revenue is expected to reach $26.47 billion, up from $25.98 billion in the previous year.

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If You Bought Bank of America Stock 10 Years Ago

The company's stock traded at approximately $15.15 per share 10 years ago. If you had invested $10,000, you could have bought roughly 660 shares. Currently, shares trade at $46.75, meaning your investment's value could have grown to $30.858 from stock price appreciation alone. However, Bank of America also paid dividends during these 10 years. 

Bank of America's dividend yield is currently 2.22%. Over the last 10 years, it has paid about $6.28 in dividends per share, which means you could have made $4,145 from dividends alone. 

Summing up $30.858 and $4,145, we end up with the final value of your investment, which is $35,003. This is how much you could have made if you had invested $10,000 in Bank of America stock 10 years ago. This means a total return of 250.03%. In comparison, S&P 500 total return for the same period is 243.67%.

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What Could The Next 10 Years Bring? 

Bank of America has a consensus rating of "Buy" and a price target of $46.67 based on the ratings of 24 analysts. The price target implies less than 1% potential downside from the current stock price.

On Jan. 16, the company announced its Q4 2024 earnings, posting a net income of $6.7 billion (versus $3.1 billion a year ago) and EPS of $0.82, beating the analyst consensus estimate of $0.77, as reported by Benzinga.

Revenue, net of interest expense, increased 15% year over year to $25.35 billion, beating the analyst consensus estimate of $25.19 billion. Higher asset management, investment banking fees, and sales and trading revenue drove the growth.

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In the first quarter, Bank of America expects a net interest income of $14.5 billion to $14.6 billion. It expects to grow sequentially to around $15.5 billion to $15.7 billion in the fourth quarter, with second-half 2025 growth exceeding first-half 2025 growth.

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Given no expected upside potential, growth-focused investors may not find Bank of America stock attractive. Conversely, the stock can be a good option for income-focused investors, who can benefit from the company's solid dividend yield of 2.22% and consistent hikes. Bank of America has raised its dividend consecutively for the last 11 years.

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