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 down 15.0 points at 16,454 as of Monday, Jan 6, 2014, 1:35 p.m. ET. During this time, 171 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 362.1 million. The NYSE advances/declines ratio sits at 1,397 issues advancing vs. 1,596 declining with 124 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 (+0.7%) bringing the stock to $59.08. Volume for JPMorgan Chase currently sits at 10.7 million shares traded vs. an average daily trading volume of 18.3 million shares.

JPMorgan Chase has a market cap of $218.82 billion and is part of the financial sector and banking industry. Shares are up 0.3% year to date as of Friday's close. The stock's dividend yield sits at 2.6%.

JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. The company has a P/E ratio of 13.1, 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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