What if you invested in Bank of America in 2020?
BAC · Financial · Data through 2026-06-01
If you invested $1,000 in Bank of America in 2020
The same $1,000 in the S&P 500 would be worth $2,540(+154%)
The S&P 500 returned $2,540 on the same $1,000. S&P 500 outperformed by $518.
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See how Bank of America stacks up since 2020, head to head.
What if Bank of America keeps this up?
Project forward at Bank of America's 11.3% historical growth rate. See 5-30 year scenarios.
Growth of $1,000
Bank of America vs. S&P 500 vs. US Dollar, 2020 to present
Year-by-Year Returns
$1,000 invested in Bank of America starting January 2020
| Year | Price | Value | Annual |
|---|---|---|---|
| 2020 | $28.03 | $1,000 | - |
| 2021 | $25.99 | $927 | -7.3% |
| 2022 | $41.23 | $1,471 | +58.6% |
| 2023 | $32.44 | $1,157 | -21.3% |
| 2024 | $32.07 | $1,144 | -1.2% |
| 2025 | $44.76 | $1,597 | +39.6% |
| 2026 | $52.63 | $1,878 | +17.6% |
What this return means
A $1,000 stake in Bank of America (BAC) from 2020 has grown to $2,022. That is a +102.2% gain, a little over 2.0x your money, measured to 2026-06-01.
That is about 11.3% a year compounded, broadly in line with long-run stock market averages. By comparison the S&P 500 returned about $2,540 on the same stake, edging out Bank of America by close to $518. The index compounded at about 15.2% a year, a reminder that a single stock can lag a basket of them.
Getting here meant sitting through real volatility. The best single year was 2022 at +58.6%, and the worst was 2023 at -21.3%. These figures use split-adjusted closing prices and exclude dividends, taxes, trading fees, and inflation, so a real after-tax result would differ.
This is historical math, not financial advice. Past performance does not guarantee future results.
What if you invested $100 a month instead?
Most people do not drop a lump sum in on day one. They add a fixed amount every month. Putting $100 into Bank of America at the close of every month from January 2020 through June 2026 means 78 buys and $7,800 contributed over about 6.5 years.
$100/month, dollar-cost averaged
$13,489
+72.9% on $7,800 in
Same $7,800, all in at the start
$15,775
+102.2% on $7,800 in
Going all in at the start beat spreading the buys out by $2,287. That is the usual result when a stock trends up: each monthly buy pays a higher price than the last, so the average cost climbs. Averaging in also meant an average buy price of $32.78 per share across the whole stretch, so the monthly buyer never had to time a single low. Neither number counts dividends, taxes, or trading costs.
Illustrative fixed $100/month example, not a recommendation. Figures are computed from BAC split-adjusted monthly closes through June 2026. Past performance does not guarantee future results.
Bank of America at different times
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For informational and educational purposes only. Not financial advice. Past performance does not guarantee future results. All calculations are based on split-adjusted closing prices from Yahoo Finance and do not account for dividends, taxes, or trading fees. See our methodology and full disclaimer.