JPMorgan, Bank of America: Dow Movers

NEW YORK ( TheStreet) -- U.S. stocks finished Thursday on a positive note as jobless claims for last week dropped 14,000 to 351,000.

The Dow Jones Industrial Average rose 58.66 points, or 0.44%, to 13,252.76. The S&P 500 increased 8.32 points to 1,402.60 and the Nasdaq Composite gained 15.64 points to 1,402.60.

Breadth within the Dow was positive with 22 of the index's 30 components posting gains.

The biggest percentage gainers among the blue chips were Bank of America ( BAC) and JPMorgan Chase ( JPM).

Both Bank of America and JPMorgan were still rising after the announcement on Tuesday that both banks passed the Federal Reserve's stress tests.

Shares of Bank of America rose 4.52% to $9.24 on heavy volume of more than 480 million. The stock has increased about 12% in the past two sessions.

The stock is one of The Street's "5 Big Stocks To Trade for Gains." The shares have risen 63.31% year-to-date and remains a buy despite that gain.

TheStreet Ratings gives Bank of America a C- grade and a hold rating.

JPMorgan shares increased 2.57% to $44.70 also on almost double the stock's average daily trading volume. The stock has risen about 8% since Tuesday's open.

JPMorgan gets a B+ grade from TheStreet Ratings with a buy rating and a $46.71 price target.

The biggest decliner in the Dow was Cisco ( CSCO). Shares dropped 1.41% to $19.91.

The networking giant agreed to acquire video software provider NDS for about $5 billion before Wednesday's opening bell.

TheStreet Ratings gives Cisco a B grade with a buy rating and a $22.73 price target.

-- Written by Alexandra Zendrian in New York.

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