Dow Today: JPMorgan Chase (JPM) Lower

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 157 points (+1.1%) at 14,988 as of Friday, May 3, 2013, 11:35 a.m. ET. During this time, 217 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 602.3 million. The NYSE advances/declines ratio sits at 2,289 issues advancing vs. 613 declining with 113 unchanged.
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Holding back the Dow today is JPMorgan Chase (NYSE: JPM), which is lagging the broader Dow index with a 49-cent decline (-1%) bringing the stock to $47.59. Volume for JPMorgan Chase currently sits at 13.9 million shares traded vs. an average daily trading volume of 23.5 million shares.

JPMorgan Chase has a market cap of $182.17 billion and is part of the financial sector and banking industry. Shares are up 9.3% year to date as of Thursday'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 9.2, 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 increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels 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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