If You Invested $1,000 In JPMorgan Chase Stock When Jamie Dimon Became The CEO, Here's How Much You'd Have Today

Jamie Dimon serves as the CEO of JPMorgan Chase (NYSE:JPM), one of the largest banks in the world. Dimon has served in the role since 2006.

Here's a look at how much investors could have made investing in the bank during his tenure.

What Happened: Dimon became the CEO of JPMorgan Chase, a move that came two years after the bank's merger with Bank One Corporation. Dimon also added the title Chairman of the Board to his resume one year later in 2007.

Dimon joined Bank One as Chairman and CEO in 2000 and later joined JPMorgan when the banks merged. He will likely remain CEO of the banking giant until his retirement.

In recent years, reports of Dimon's potential political aspirations and retirement have led to speculation about a potential succession plan at JPMorgan Chase.

Dimon is one of the most respected names in the financial world and has helped JPMorgan grow into the largest U.S. bank by assets and one of the 15 most valuable companies by market capitalization worldwide.

Here's a look back at an investment in JPMorgan Chase when Dimon became CEO.

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Why It's Important: Dimon officially became CEO of the banking giant on Jan. 1, 2006, a day the stock market was closed.

Investors who believed in the bank's future with Dimon at the helm could have bought shares of the stock days later.

A $1,000 investment in JPMorgan on Jan. 3, 2006 could have bought 24.78 shares based on a price of $40.36 at the time.

Today, the $1,000 investment would be worth $6,003.70 based on a price of $242.28 at the time of writing. This represents a potential gain of 500.4% over the last 19 years.

For comparison, the same $1,000 invested in the SPDR S&P 500 ETF Trust (NYSE:SPY), which tracks the S&P 500 Index, would be worth less.

The $1,000 invested in the SPY on Jan. 3, 2006 would be worth $4,532.49 today, up 353.2% over the same time period.

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