Dow Today: 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 136.0 points (-0.9%) at 15,102 as of Tuesday, Jun 11, 2013, 9:35 a.m. ET. During this time, 36.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 602.2 million. The NYSE advances/declines ratio sits at 151 issues advancing vs. 2,375 declining with 62 unchanged.
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Holding back the Dow today is JPMorgan Chase (NYSE: JPM), which is lagging the broader Dow index with a $1.04 decline (-1.9%) bringing the stock to $53.32. This single loss is lowering the Dow Jones Industrial Average by 7.87 points or roughly accounting for 5.8% of the Dow's overall loss. Volume for JPMorgan Chase currently sits at 1.3 million shares traded vs. an average daily trading volume of 24 million shares.

JPMorgan Chase has a market cap of $205.12 billion and is part of the financial sector and banking industry. Shares are up 23.6% year to date as of Monday's close. The stock's dividend yield sits at 2.8%.

JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. The company has a P/E ratio of 9.7, 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, 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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