AMP Ltd (ASX: AMP) shares have soared nearly 32% in the year to date.
Despite some highs and lows during the year, AMP shares have lifted from $1.01 at market close on 31 December and are now trading at a yearly high of $1.33.
Let's take a look at how much money I would have now if I had invested in this ASX financial share at the start of the year?
Image source: Getty Images
Good investment?
Let's say I had bought AMP shares for $1.01 prior to market open on 4 January.
Imagine I had put down $10,000 of my savings in this investment. I would have walked away with 9,900 shares at this price with $1 left over.
Now, these shares are worth $1.33, based on Tuesday's closing price. So my investment would now be worth $13,167. This means I would have made $3,167 in profit year to date.
Now, let's take a look at the bigger picture for AMP shares. On 27 January, AMP shares were fetching just 87 cents. On this day, my investment would be worth just $8,613.
However, overall, if I had bought $10,000 worth of AMP shares at the start of the year and held on to them, I would be very happy with my investment.
AMP reported positive inflows and growth across most of its operations in the third quarter. AMP bank's loan book also lifted by $0.6 billion to $23.3 billion.
Commenting on the results, chief executive Alexis George said:
Our bank continues to grow above system with both the loan and deposit books increasing in a competitive market.
AMP share price snapshot
AMP shares have surged 32% in the past year, gaining 10% in the last month alone.
For perspective, the S&P/ASX 200 Index (ASX: XJO) has climbed 0.19% in the last year.
The company has a market capitalisation of about $4.1 billion.
