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 was unchanged today. By the end of trading, JPMorgan Chase fell 98 cents (-1.9%) to $50.02 on heavy volume. Throughout the day, 59.8 million shares of JPMorgan Chase exchanged hands as compared to its average daily volume of 23.9 million shares. The stock ranged in price between $49.15-$50.29 after having opened the day at $49.97 as compared to the previous trading day's close of $51. Other companies within the Banking industry that declined today were: MBT Financial Corporation ( MBTF), down 9.6%, Tower Financial Corporation ( TOFC), down 7.8%, First Internet Bancorp ( FIBP), down 6.8%, and Bank VA Chesterfield ( BOVA), down 5.7%.
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JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. JPMorgan Chase has a market cap of $191.99 billion and is part of the financial sector. The company has a P/E ratio of 9.6, below the S&P 500 P/E ratio of 17.7. Shares are up 16% year to date as of the close of trading on Thursday. Currently there are 21 analysts that rate JPMorgan Chase a buy, one analyst rates it a sell, and four 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 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.

On the positive front, Emclaire Financial Corporation ( EMCF), up 9.8%, FedFirst Financial Corporation ( FFCO), up 6.7%, Broadway Financial ( BYFC), up 6.7%, and Community Partners Bancorp ( CPBC), up 6.4%, were all gainers within the banking industry with Fifth Third Bancorp ( FITB) being today's featured banking industry leader.

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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