Morgan Stanley 2014 Annual Report Download - page 56

Stock performance graph. The following graph compares the cumulative total shareholder return (rounded to
the nearest whole dollar) of the Company’s common stock, the S&P 500 Stock Index (“S&P 500”) and the S&P
500 Financials Index (“S5FINL”) for the last five years. The graph assumes a $100 investment at the closing
price on December 31, 2009 and reinvestment of dividends on the respective dividend payment dates without
commissions. This graph does not forecast future performance of the Company’s common stock.
220
200
180
160
140
120
100
80
60
40
20
MS S&P 500 S5FINL
Dollars
Dec-09 Dec-10 Dec-11 Dec-12 Dec-14Dec-13
$205.07
$186.98
$137.38
CUMULATIVE TOTAL RETURN
December 31, 2009 - December 31, 2014
MS S&P 500 S5FINL
12/31/2009 ..................... $100.00 $100.00 $100.00
12/31/2010 ..................... $ 92.60 $115.06 $112.12
12/31/2011 ..................... $ 51.93 $117.48 $ 93.00
12/30/2012 ..................... $ 66.43 $136.27 $119.73
12/31/2013 ..................... $109.83 $180.83 $162.34
12/31/2014 ..................... $137.38 $205.07 $186.98
52