Dow Today: JPMorgan Chase (JPM) Leads The Day Higher, Bank Of America Corporation (BAC) Lags
The
Dow Jones Industrial Average
(
^DJI
) is trading up 34 points (+0.3%) at 12,938 as of Friday, Feb 17, 2012, 9:35 a.m. ET. During this time, 129.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 818.6 million. The NYSE advances/declines ratio sits at 1,929 issues advancing vs. 612 declining with 184 unchanged.
The Dow component leading the way higher looks to be
(NYSE:
), which is sporting a 50-cent gain (+1.3%) bringing the stock to $38.50. This single gain is lifting the Dow Jones Industrial Average by 3.78 points or roughly accounting for 11.1% of the Dow's overall gain. Volume for JPMorgan Chase currently sits at 5.3 million shares traded vs. an average daily trading volume of 39.3 million shares.
JPMorgan Chase has a market cap of $143.1 billion and is part of the
sector and
industry. Shares are up 14.3% year to date as of Thursday's close. The stock's dividend yield sits at 2.7%.
JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. The company has a P/E ratio of 8.3, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates JPMorgan Chase as a
. The company's strengths can be seen in multiple areas, such as its expanding profit margins, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full JPMorgan Chase Ratings Report.
Holding back the Dow today is
(NYSE:
), which is lagging the broader Dow index with a seven-cent decline (-0.9%) bringing the stock to $8.02. Volume for Bank of America Corporation currently sits at 43.7 million shares traded vs. an average daily trading volume of 271.9 million shares.
- See our dividend calendar or top-yielding stocks list.
Bank of America Corporation has a market cap of $73.89 billion and is part of the
sector and
industry. Shares are up 45.5% year to date as of Thursday's close. The stock's dividend yield sits at 0.5%.
Bank of America Corporation, through its subsidiaries, provides banking and financial services to individuals, small- and middle-market businesses, corporations, and governments primarily in the United States and internationally. The company has a P/E ratio of 778, above the average banking industry P/E ratio of 729 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Bank of America Corporation as a
. The company's weaknesses can be seen in multiple areas, such as its generally weak debt management and generally disappointing historical performance in the stock itself.
- You can view the full Bank of America Ratings Report.
null
