Dow Today: Goldman Sachs Group (GS) 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 up 16 points at 17,122 as of Wednesday, Aug 27, 2014, 1:36 p.m. ET. During this time, 107.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 301 million. The NYSE advances/declines ratio sits at 1,653 issues advancing vs. 1,325 declining with 183 unchanged.
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The Dow component leading the way higher looks to be Goldman Sachs Group (NYSE: GS), which is sporting a 24-cent gain (+0.1%) bringing the stock to $177.58. This single gain is lifting the Dow Jones Industrial Average by 1.82 points or roughly accounting for 11.4% of the Dow's overall gain. Volume for Goldman Sachs Group currently sits at 1.2 million shares traded vs. an average daily trading volume of 2.4 million shares.

Goldman Sachs Group has a market cap of $78.37 billion and is part of the financial sector and financial services industry. Shares are up 0.4% year-to-date as of Tuesday's close. The stock's dividend yield sits at 1.2%.

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services to corporations, financial institutions, governments, and high-net-worth individuals worldwide.

TheStreet Ratings rates Goldman Sachs Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, growth in earnings per share, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

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