Dow Today: Bank Of America Corporation (BAC) Leads The Day Higher, JPMorgan Chase (JPM) Lags

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 35.0 points (-0.2%) at 14,504 as of Friday, Mar 15, 2013, 9:35 a.m. ET. During this time, 230.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 615.6 million. The NYSE advances/declines ratio sits at 1,116 issues advancing vs. 1,544 declining with 175 unchanged.
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The Dow component leading the way higher looks to be Bank of America Corporation (NYSE: BAC), which is sporting a 30-cent gain (+2.4%) bringing the stock to $12.40. Volume for Bank of America Corporation currently sits at 67.1 million shares traded vs. an average daily trading volume of 164.9 million shares.

Bank of America Corporation has a market cap of $130.49 billion and is part of the financial sector and banking industry. Shares are up 4.5% year to date as of Thursday's close. The stock's dividend yield sits at 0.3%.

Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, corporations, and governments in the United States and internationally. The company has a P/E ratio of 48.2, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Bank of America Corporation as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins, solid stock price performance and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and weak operating cash flow.

Holding back the Dow today is JPMorgan Chase (NYSE: JPM), which is lagging the broader Dow index with a $1.52 decline (-3%) bringing the stock to $49.48. This single loss is lowering the Dow Jones Industrial Average by 11.5 points or roughly accounting for 32.9% of the Dow's overall loss. Volume for JPMorgan Chase currently sits at 9.1 million shares traded vs. an average daily trading volume of 23.9 million shares.

JPMorgan Chase has a market cap of $191.99 billion and is part of the financial sector and banking industry. Shares are up 16% year to date as of Thursday's close. The stock's dividend yield sits at 2.4%.

JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. The company has a P/E ratio of 9.6, 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, impressive record of earnings per share growth, increase in net income 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.

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