Dow Today: JPMorgan Chase (JPM) 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 34 points (+0.2%) at 17,101 as of Wednesday, Sep 3, 2014, 11:36 a.m. ET. During this time, 100 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 295 million. The NYSE advances/declines ratio sits at 1,494 issues advancing vs. 1,482 declining with 165 unchanged.
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The Dow component leading the way higher looks to be JPMorgan Chase (NYSE: JPM), which is sporting a seven-cent gain (+0.1%) bringing the stock to $59.74. This single gain is lifting the Dow Jones Industrial Average by 0.53 points or roughly accounting for 1.6% of the Dow's overall gain. Volume for JPMorgan Chase currently sits at 6.4 million shares traded vs. an average daily trading volume of 12.9 million shares.

JPMorgan Chase has a market cap of $223.61 billion and is part of the financial sector and banking industry. Shares are up 2% year-to-date as of Tuesday's close. The stock's dividend yield sits at 2.7%.

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 increase in stock price during the past year, expanding profit margins and attractive valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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