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 23 points (+0.1%) at 16,444 as of Friday, Mar 7, 2014, 11:35 a.m. ET. During this time, 132.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 402.2 million. The NYSE advances/declines ratio sits at 1,114 issues advancing vs. 1,815 declining with 163 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 (+0.6%) bringing the stock to $59.24. This single gain is lifting the Dow Jones Industrial Average by 2.57 points or roughly accounting for 11.2% of the Dow's overall gain. Volume for JPMorgan Chase currently sits at 9.3 million shares traded vs. an average daily trading volume of 18 million shares. JPMorgan Chase has a market cap of $220.24 billion and is part of the financial sector and banking industry. Shares are down 0.6% year to date as of Thursday's close. The stock's dividend yield sits at 2.6%. 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 attractive valuation levels, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.