$1000 Invested In American Express 20 Years Ago Would Be Worth This Much Today
Portfolio Pulse from Benzinga Insights
Over the past 20 years, American Express (NYSE:AXP) has produced an average annual return of 9.07%, outperforming the market by 1.15% annually. A $1000 investment in AXP 20 years ago would be worth $5,596.98 today. This showcases the impact of compounded returns on investment growth over time.
April 30, 2024 | 5:30 pm
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American Express has shown a strong performance over the past 20 years with an average annual return of 9.07%, turning a $1000 investment into $5,596.98 today.
The significant growth of an investment in American Express over two decades highlights the company's strong performance and the power of compounded returns. This historical performance, especially outperforming the market, could positively influence investor sentiment and potentially drive short-term interest in AXP shares.
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IMPORTANCE 90
RELEVANCE 100