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

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.

JPMorgan Chase ( JPM) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day down 0.2%. By the end of trading, JPMorgan Chase fell 51 cents (-1.2%) to $41.16 on average volume. Throughout the day, 21.8 million shares of JPMorgan Chase exchanged hands as compared to its average daily volume of 23.6 million shares. The stock ranged in price between $40.87-$41.66 after having opened the day at $41.40 as compared to the previous trading day's close of $41.67. Other companies within the Banking industry that declined today were: Jacksonville Bancorp Inc (FL ( JAXB), down 18.5%, Carolina Trust Bank ( CART), down 7.5%, SVB Financial Group ( SIVB), down 5.3%, and Camco Financial ( CAFI), down 5.2%.
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JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. JPMorgan Chase has a market cap of $158.45 billion and is part of the financial sector. The company has a P/E ratio of 9.6, above the average banking industry P/E ratio of 8.6 and below the S&P 500 P/E ratio of 17.7. Shares are up 25.4% 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 six 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 solid stock price performance, growth in earnings per share, increase in net income, revenue growth and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

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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