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 43.0 points (-0.3%) at 14,516 as of Wednesday, Mar 27, 2013, 1:31 p.m. ET. During this time, 287.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 618.1 million. The NYSE advances/declines ratio sits at 1,183 issues advancing vs. 1,712 declining with 169 unchanged.
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Holding back the Dow today is
JPMorgan Chase (NYSE:
JPM), which is lagging the broader Dow index with a 98-cent decline (-2%) bringing the stock to $47.66. This single loss is lowering the Dow Jones Industrial Average by 7.42 points or roughly accounting for 17.3% of the Dow's overall loss. Volume for JPMorgan Chase currently sits at 15.3 million shares traded vs. an average daily trading volume of 24.6 million shares.
JPMorgan Chase has a market cap of $185.71 billion and is part of the financial sector and banking industry. Shares are up 10.6% 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 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, increase in stock price during the past year, 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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