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 83 points (+0.5%) at 15,676 as of Friday, Nov 8, 2013, 11:30 a.m. ET. During this time, 144.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 375.8 million. The NYSE advances/declines ratio sits at 1,495 issues advancing vs. 1,467 declining with 68 unchanged.
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The Dow component leading the way higher looks to be JPMorgan Chase (NYSE: JPM), which is sporting a $1.50 gain (+2.9%) bringing the stock to $53.15. This single gain is lifting the Dow Jones Industrial Average by 11.35 points or roughly accounting for 13.7% of the Dow's overall gain. Volume for JPMorgan Chase currently sits at 13.6 million shares traded vs. an average daily trading volume of 20.1 million shares.

JPMorgan Chase has a market cap of $195.85 billion and is part of the financial sector and banking industry. Shares are up 18.5% year to date as of Thursday'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 increase in stock price during the past year, reasonable valuation levels, expanding profit margins 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.

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