Shares of Morgan Stanley took a hit Friday, but perhaps shareholders shouldn’t be too concerned over news of the planned departure of the investment bank’s longtime chief executive, James Gorman.
Gorman... Shares of Morgan Stanley took a hit Friday, but perhaps shareholders shouldn’t be too concerned over news of the planned departure of the investment bank’s longtime chief executive, James Gorman. That outperformed the 184.5% gain for the Financial Select Sector SPDR exchange-traded fund XLF over the same time but underperformed the S&P 500’s SPX rally of 290.9%.