JPMorgan Chase & Co (JPM): Today's Featured Banking Winner

JPMorgan Chase ( JPM) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day up 0.5%. By the end of trading, JPMorgan Chase rose 85 cents (2.6%) to $33.66 on light volume. Throughout the day, 32.2 million shares of JPMorgan Chase exchanged hands as compared to its average daily volume of 44.5 million shares. The stock ranged in a price between $32.55-$33.68 after having opened the day at $32.77 as compared to the previous trading day's close of $32.81. Other companies within the Banking industry that increased today were: OptimumBank Holdings ( OPHC), up 13.7%, Magyar Bancorp ( MGYR), up 12.2%, First BanCorp ( FBP), up 8.9%, and PVF Capital ( PVFC), up 7%.

JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. JPMorgan Chase has a market cap of $125.89 billion and is part of the financial sector. The company has a P/E ratio of 7.3, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 3.8% year to date as of the close of trading on Thursday. Currently there are 18 analysts that rate JPMorgan Chase a buy, two analysts rate it a sell, and five rate it a hold.

TheStreet Ratings rates JPMorgan Chase as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, growth in earnings per share and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

On the negative front, Ohio Legacy Corporation ( OLCB), down 20.7%, Jacksonville Bancorp Inc (FL ( JAXB), down 11.1%, Crescent Financial ( CRFN), down 10.5%, and First United ( FUNC), down 6.4%, were all losers within the banking industry with Toronto-Dominion Bank ( TD) being today's banking industry loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider KBW Bank ETF ( KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng ( KRS).
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