If You Invested $1000 In This Stock 10 Years Ago, You Would Have $2,900 Today

Abbott Laboratories ABT has outperformed the market over the past 10 years by 1.35% on an annualized basis producing an average annual return of 11.15%. Currently, Abbott Laboratories has a market capitalization of $165.73 billion.

Buying $1000 In ABT: If an investor had bought $1000 of ABT stock 10 years ago, it would be worth $2,892.03 today based on a price of $95.50 for ABT at the time of writing.

Abbott Laboratories's Performance Over Last 10 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.