Dow Today: JPMorgan Chase (JPM) Lower

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 down 271.0 points (-2%) at 12,974 as of Wednesday, Nov 7, 2012, 1:35 p.m. ET. During this time, 568.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 582.4 million. The NYSE advances/declines ratio sits at 500 issues advancing vs. 2,493 declining with 90 unchanged.
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Holding back the Dow today is JPMorgan Chase (NYSE: JPM), which is lagging the broader Dow index with a $1.94 decline (-4.5%) bringing the stock to $40.94. This single loss is lowering the Dow Jones Industrial Average by 14.68 points or roughly accounting for 5.4% of the Dow's overall loss. Volume for JPMorgan Chase currently sits at 29.1 million shares traded vs. an average daily trading volume of 22.9 million shares.

JPMorgan Chase has a market cap of $160.57 billion and is part of the financial sector and banking industry. Shares are up 27.1% year to date as of Tuesday's close. The stock's dividend yield sits at 2.8%.

JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. The company has a P/E ratio of 9.7, 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 revenue growth, solid stock price performance, growth in earnings per share, increase in net income 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.

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