Morgan Stanley’s stock has underperformed the market since James Gorman became CEO in 2010

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Morgan Stanley's stock took a hit Friday after longtime CEO Gorman announced plans to step down, but the stock has underperformed the market during his tenure.

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%.

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