Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
The
Dow Jones Industrial Average (
^DJI) is trading up 35 points (+0.3%) at 13,361 as of Friday, Oct 12, 2012, 10:35 a.m. ET. During this time, 159.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 575.4 million. The NYSE advances/declines ratio sits at 1,456 issues advancing vs. 1,298 declining with 174 unchanged.
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Holding back the Dow today is
JPMorgan Chase (NYSE:
JPM), which is lagging the broader Dow index with a six-cent decline (-0.1%) bringing the stock to $42.04. Volume for JPMorgan Chase currently sits at 21.9 million shares traded vs. an average daily trading volume of 25.5 million shares.
JPMorgan Chase has a market cap of $158.67 billion and is part of the
financial sector and
banking industry. Shares are up 26.6% year to date as of Thursday's close. The stock's dividend yield sits at 2.9%.
JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. The company has a P/E ratio of 9.6, above the average banking industry P/E ratio of 9.4 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 solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
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