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 99 points (+0.6%) at 15,920 as of Friday, Dec 6, 2013, 10:40 a.m. ET. During this time, 96.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 373 million. The NYSE advances/declines ratio sits at 2,157 issues advancing vs. 703 declining with 130 unchanged.
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The Dow component leading the way higher looks to be JPMorgan Chase (NYSE: JPM), which is sporting a four-cent gain to $55.86. This single gain is lifting the Dow Jones Industrial Average by 0.3 points or roughly accounting for 0.3% of the Dow's overall gain. Volume for JPMorgan Chase currently sits at 6.9 million shares traded vs. an average daily trading volume of 20.4 million shares.

JPMorgan Chase has a market cap of $214.99 billion and is part of the financial sector and banking industry. Shares are up 26.9% year to date as of Thursday's close. The stock's dividend yield sits at 2.7%.

JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. The company has a P/E ratio of 12.9, 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, reasonable valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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