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 0.2%. By the end of trading, JPMorgan Chase rose 29 cents (0.8%) to $34.25 on light volume. Throughout the day, 32.5 million shares of JPMorgan Chase exchanged hands as compared to its average daily volume of 47.1 million shares. The stock ranged in a price between $33.81-$34.45 after having opened the day at $34.22 as compared to the previous trading day's close of $33.96. Other companies within the Banking industry that increased today were: Carver Bancorp ( CARV), up 97.5%, Broadway Financial ( BYFC), up 15.9%, Credit Suisse ( DGAZ), up 14.7%, and CMS Bancorp ( CMSB), up 13.2%.

JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. JPMorgan Chase has a market cap of $129.05 billion and is part of the financial sector. The company has a P/E ratio of 7.5, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 2% year to date as of the close of trading on Monday. Currently there are 17 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, good cash flow from operations and growth in earnings per share. 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, OptimumBank Holdings ( OPHC), down 9.7%, Rurban Financial ( RBNF), down 8.6%, Banco Santander Brasil SA/Brazil ( BSBR), down 7.2%, and Ameriana Bancorp ( ASBI), down 7.1%, were all losers within the banking industry with Regions Financial Corporation ( RF) 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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