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SPDR S&P 500  on February 22, 2023


Balanced News


Morgan Stanley's Focus On Wealth Management Is Working

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Morgan Stanley (NYSE:MS) held up remarkably well over the past year, with a total return of 6.6%, as compared to -5.3% for the Financial Select Sector SPDR ETF (XLF) and -4.7% for the S&P 500 (SPY). The longer-term performance for MS is also notable, with 3-, 5-, and 10-year annualized returns of 24.0%, 14.6%, and 16.7% per year, respectively. For context, the S&P 500 has 3-, 5-, and 10-year annualized returns of 8.3%, 10.3%, and 12.5% per year.

seekingalpha.com     Feb 22, 2023