How Long Will It Take JPMorgan Chase's Stock to Double?
There's nothing better in the world of investing than seeing a stock you buy creep into triple-digit return territory. Some stocks only take months to do so, while others take years, if not decades, to double up.
Determining how long this will take is far from a science, but it's nevertheless an interesting exercise for investors. This is especially true for long-term investors, who seek to profit off the law of compounding returns.
If you're a current or prospective investor in JPMorgan Chase (NYSE: JPM), here's how the math works out. Assuming the nation's biggest bank by assets continues to grow at its current rate -- a median year-over-year increase in book value per share of 6% -- then its stock will double in 11 to 12 years.
Source: Fool.com
JPMorgan Chase & Co. Stock
The stock is an absolute favorite of our community with 29 Buy predictions and no Sell predictions.
With a target price of 202 € there is a slightly positive potential of 12.06% for JPMorgan Chase & Co. compared to the current price of 180.26 €.
