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 99 points (+0.7%) at 13,999 as of Wednesday, Feb 27, 2013, 11:35 a.m. ET. During this time, 207.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 627.3 million. The NYSE advances/declines ratio sits at 2,176 issues advancing vs. 686 declining with 120 unchanged.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

The Dow component leading the way higher looks to be JPMorgan Chase (NYSE: JPM), which is sporting a $1.18 gain (+2.5%) bringing the stock to $48.78. This single gain is lifting the Dow Jones Industrial Average by 8.93 points or roughly accounting for 9% of the Dow's overall gain. Volume for JPMorgan Chase currently sits at 13.8 million shares traded vs. an average daily trading volume of 23.5 million shares.

JPMorgan Chase has a market cap of $181.33 billion and is part of the financial sector and banking industry. Shares are up 8.3% year to date as of Tuesday's close. The stock's dividend yield sits at 2.5%.

JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. The company has a P/E ratio of 10.1, 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, impressive record of earnings per share growth, increase in net income, revenue growth and attractive valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
null

If you liked this article you might like

What's Up With Apple?

Why Apple Pay Cash Won't Be a Venmo Killer: PayPal CEO

Fed Pares $4.5 Trillion Balance Sheet But Easy-Money Era Isn't Over

PayPal Has Billions in Cash and Is On the Prowl for Acquisitions

PayPal Hunting for a Big Deal?