Dow Today: JPMorgan Chase (JPM) Leads The Day Higher

The Dow Jones Industrial Average ( ^DJI) closed up 218 points (+1.7%) at 13,177. During the day, 913.4 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 closed at 2,496 issues advancing vs. 569 declining with 61 unchanged.

The Dow component that led the way higher today was JPMorgan Chase (NYSE: JPM), which sported a $2.85 gain (+7%) bringing the stock to $43.39. This single gain lifted the Dow Jones Industrial Average by 21.57 points or roughly accounting for 9.9% of the Dow's overall gain. Volume for JPMorgan Chase ended the day at 75.3 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 financial sector and banking industry. Shares are up 21.9% year to date as of Monday's close. The stock's dividend yield sits at 2.4%.

JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. The company has a P/E ratio of 9.1, 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, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

null

More from Markets

Dow Slips 178 Points; S&P 500 and Nasdaq Also Decline

Dow Slips 178 Points; S&P 500 and Nasdaq Also Decline

Legal Weed Sales in California Are Off to a Less Than Smokin' Start

Legal Weed Sales in California Are Off to a Less Than Smokin' Start

Owner of Moviepass Sees Stock Plummet

Owner of Moviepass Sees Stock Plummet

Ford, GM Gain as China Slashes Auto Import Tariffs

Ford, GM Gain as China Slashes Auto Import Tariffs

U.S. Crude Oil Hits Fresh 3-Year Highs as Gasoline Heads to $3 a Gallon

U.S. Crude Oil Hits Fresh 3-Year Highs as Gasoline Heads to $3 a Gallon