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Here's How Much You Would Have Made Owning Thermo Fisher Scientific Stock In The Last 20 Years

Published 03/05/2024, 19:30
Updated 03/05/2024, 20:40
© Reuters. Here's How Much You Would Have Made Owning Thermo Fisher Scientific Stock In The Last 20 Years
TMO
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Benzinga - by Benzinga Insights, Benzinga Staff Writer.

Thermo Fisher Scientific (NYSE:TMO) has outperformed the market over the past 20 years by 8.16% on an annualized basis producing an average annual return of 16.16%. Currently, Thermo Fisher Scientific has a market capitalization of $219.66 billion.

Buying $100 In TMO: If an investor had bought $100 of TMO stock 20 years ago, it would be worth $2,069.22 today based on a price of $575.45 for TMO at the time of writing.

Thermo Fisher Scientific'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.

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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