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 107.0 points (-0.6%) at 16,423 as of Tuesday, May 6, 2014, 1:36 p.m. ET. During this time, 167 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 406.1 million. The NYSE advances/declines ratio sits at 1,045 issues advancing vs. 1,969 declining with 149 unchanged.
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Holding back the Dow today is JPMorgan Chase (NYSE: JPM), which is lagging the broader Dow index with a 64-cent decline (-1.2%) bringing the stock to $53.58. This single loss is lowering the Dow Jones Industrial Average by 4.84 points or roughly accounting for 4.5% of the Dow's overall loss. Volume for JPMorgan Chase currently sits at 12.4 million shares traded vs. an average daily trading volume of 19.2 million shares.

JPMorgan Chase has a market cap of $210.38 billion and is part of the financial sector and banking industry. Shares are down 7.3% year-to-date as of Monday's close. The stock's dividend yield sits at 2.9%.

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. The company has a P/E ratio of 13.8, 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 expanding profit margins, attractive valuation levels 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.

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