If You Invested $1000 In This Stock 20 Years Ago, You Would Have $5,600 Today

Royal Bank of Canada RY has outperformed the market over the past 20 years by 1.26% on an annualized basis producing an average annual return of 9.16%. Currently, Royal Bank of Canada has a market capitalization of $135.61 billion.

Buying $1000 In RY: If an investor had bought $1000 of RY stock 20 years ago, it would be worth $5,638.29 today based on a price of $98.32 for RY at the time of writing.

Royal Bank of Canada’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.

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