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 63 points (+0.4%) at 15,336 as of Thursday, Sep 26, 2013, 10:20 a.m. ET. During this time, 61.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 364.4 million. The NYSE advances/declines ratio sits at 1,858 issues advancing vs. 942 declining with 162 unchanged.
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The Dow component leading the way higher looks to be JPMorgan Chase (NYSE: JPM), which is sporting a 34-cent gain (+0.7%) bringing the stock to $52.04. This single gain is lifting the Dow Jones Industrial Average by 2.57 points or roughly accounting for 4.1% of the Dow's overall gain. Volume for JPMorgan Chase currently sits at 6.5 million shares traded vs. an average daily trading volume of 18.1 million shares. JPMorgan Chase has a market cap of $189.41 billion and is part of the financial sector and banking industry. Shares are up 14.4% year to date as of Wednesday's close. The stock's dividend yield sits at 3%. 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, good cash flow from operations, compelling growth in net income, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
Steve Ricchiuto, MZUHO Securities chief economist, and Bob Michele asset management global CIO with JP Morgan (JPM), joined BloomberTV's 'Bloomberg GO' to discuss the economy and the Fed raising rates.