The Dow Jones Industrial Average ( ^DJI) is trading down 31.0 points (-0.2%) at 12,949 as of Friday, Mar 2, 2012, 9:35 a.m. ET. During this time, 21.2 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 1,130 issues advancing vs. 1,499 declining with 175 unchanged. The Dow component leading the way higher looks to be JPMorgan Chase (NYSE: JPM), which is sporting an 18-cent gain (+0.5%) bringing the stock to $40.55. Volume for JPMorgan Chase currently sits at 1.6 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 financial sector and banking industry. Shares are up 21.4% year to date as of Thursday's close. The stock's dividend yield sits at 2.5%. JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. The company has a P/E ratio of 8.7, above the average banking industry P/E ratio of 8.4 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates JPMorgan Chase as a buy. 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.
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