Dow Today: JPMorgan Chase (JPM) Higher

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 70 points (+0.5%) at 12,881 as of Friday, Nov 9, 2012, 12:35 p.m. ET. During this time, 311.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 582.1 million. The NYSE advances/declines ratio sits at 1,840 issues advancing vs. 1,072 declining with 133 unchanged.
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The Dow component leading the way higher looks to be JPMorgan Chase (NYSE: JPM), which is sporting a 70-cent gain (+1.7%) bringing the stock to $41.10. This single gain is lifting the Dow Jones Industrial Average by 5.3 points or roughly accounting for 7.6% of the Dow's overall gain. Volume for JPMorgan Chase currently sits at 14.8 million shares traded vs. an average daily trading volume of 23.2 million shares.

JPMorgan Chase has a market cap of $153.77 billion and is part of the financial sector and banking industry. Shares are up 21.7% year to date as of Thursday's close. The stock's dividend yield sits at 3%.

JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. The company has a P/E ratio of 9.3, 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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