Dow Today: JPMorgan Chase (JPM) Lower

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 70.0 points (-0.4%) at 16,411 as of Thursday, Jan 16, 2014, 11:35 a.m. ET. During this time, 120.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 356.2 million. The NYSE advances/declines ratio sits at 1,418 issues advancing vs. 1,488 declining with 174 unchanged.
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Holding back the Dow today is JPMorgan Chase (NYSE: JPM), which is lagging the broader Dow index with a 10-cent decline (-0.2%) bringing the stock to $59.39. This single loss is lowering the Dow Jones Industrial Average by 0.76 points or roughly accounting for 1.1% of the Dow's overall loss. Volume for JPMorgan Chase currently sits at 10.8 million shares traded vs. an average daily trading volume of 17.5 million shares.

JPMorgan Chase has a market cap of $217.06 billion and is part of the financial sector and banking industry. Shares are up 1.7% year to date as of Wednesday'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 10.1, 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 reasonable valuation levels, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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