If You'd Invested $1,000 in JPMorgan Chase Stock 5 Years Ago, Here's How Much You'd Have Today

JPMorgan Chase (NYSE: JPM) is the largest bank in the United States, in terms of asset size. It has also been an extraordinary stock to own in recent years. In fact, over the past five years, JPMorgan Chase has produced a 247% total return for investors, compared with 105% from the S&P 500. That means a $1,000 investment would be worth $3,470 today.To be sure, bank stocks as a group have generally beaten the S&P 500 over the past five years. The Financial Select Sector SPDR ETF (NYSEMKT: XLF) delivered a total return of 141% over the same period, significantly ahead of the S&P. Five years ago, we were in the early stages of the COVID-19 pandemic, and there were widespread fears of loan defaults and prolonged economic disruption. When that didn't happen, the sector rebounded sharply.Even so, JPMorgan Chase outperformed the overall financial sector by more than 100 percentage points.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool