The Dow Jones Industrial Average ( ^DJI) is trading up 101 points (+0.7%) at 15,236 as of Monday, Jul 8, 2013, 1:35 p.m. ET. During this time, 253.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 616.5 million. The NYSE advances/declines ratio sits at 1,774 issues advancing vs. 1,218 declining with 84 unchanged.
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The Dow component leading the way higher looks to be JPMorgan Chase (NYSE: JPM), which is sporting a 46-cent gain (+0.8%) bringing the stock to $54.45. This single gain is lifting the Dow Jones Industrial Average by 3.48 points or roughly accounting for 3.4% of the Dow's overall gain. Volume for JPMorgan Chase currently sits at 11.7 million shares traded vs. an average daily trading volume of 23 million shares. JPMorgan Chase has a market cap of $199.45 billion and is part of the financial sector and banking industry. Shares are up 22.8% year to date as of Friday's close. The stock's dividend yield sits at 2.9%. JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. 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.