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 53.0 points (-0.3%) at 16,120 as of Tuesday, Apr 15, 2014, 11:36 a.m. ET. During this time, 146.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 425.7 million. The NYSE advances/declines ratio sits at 1,202 issues advancing vs. 1,742 declining with 161 unchanged.
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Holding back the Dow today is JPMorgan Chase (NYSE: JPM), which is lagging the broader Dow index with a 13-cent decline (-0.2%) bringing the stock to $54.83. This single loss is lowering the Dow Jones Industrial Average by 0.98 points or roughly accounting for 1.8% of the Dow's overall loss. Volume for JPMorgan Chase currently sits at 9.9 million shares traded vs. an average daily trading volume of 20.3 million shares.

JPMorgan Chase has a market cap of $209.32 billion and is part of the financial sector and banking industry. Shares are down 6% year-to-date as of Monday'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 operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Management.

TheStreet Ratings rates JPMorgan Chase as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, solid stock price performance and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

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