NEW YORK (

TheStreet

) --

J.P. Morgan Chase

(NYSE:

JPM

) hit a new 52-week high Tuesday as it is currently trading at $43.14, above its previous 52-week high of $26.99 with four million shares traded as of 10:06 a.m. ET. Average volume has been 28.9 million shares over the past 30 days.

J.P. Morgan Chase has a market cap of $170 billion and is part of the

financial

sector and

banking

industry. Shares are up 0.9% year to date as of the close of trading on Friday.

TheStreet Recommends

JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. The company has a P/E ratio of 9.4, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates J.P. Morgan Chase as a

buy

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full

J.P. Morgan Chase Ratings Report

.

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