Dow Today: JPMorgan Chase (JPM) Higher

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

The Dow Jones Industrial Average ( ^DJI) is trading up 53 points (+0.4%) at 15,063 as of Tuesday, Aug 20, 2013, 1:35 p.m. ET. During this time, 272.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 559.1 million. The NYSE advances/declines ratio sits at 2,365 issues advancing vs. 651 declining with 83 unchanged.
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The Dow component leading the way higher looks to be JPMorgan Chase (NYSE: JPM), which is sporting a 42-cent gain (+0.8%) bringing the stock to $52.25. This single gain is lifting the Dow Jones Industrial Average by 3.18 points or roughly accounting for 6% of the Dow's overall gain. Volume for JPMorgan Chase currently sits at 11.9 million shares traded vs. an average daily trading volume of 20.2 million shares.

JPMorgan Chase has a market cap of $200.59 billion and is part of the financial sector and banking industry. Shares are up 21.2% year to date as of Monday'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 revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth 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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