Dow Jones (DJIA) 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..

The Dow Jones Industrial Average ( ^DJI) is trading up 241 points (+1.4%) at 18,005 as of Wednesday, Jun 10, 2015, 1:36 p.m. ET. During this time, 180.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 354.8 million. The NYSE advances/declines ratio sits at 2,322 issues advancing vs. 704 declining with 140 unchanged.
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The Dow component leading the way higher looks to be JPMorgan Chase (NYSE: JPM), which is sporting a $1.08 gain (+1.6%) bringing the stock to $68.26. This single gain is lifting the Dow Jones Industrial Average by 8.17 points or roughly accounting for 3.4% of the Dow's overall gain. Volume for JPMorgan Chase currently sits at 10.8 million shares traded vs. an average daily trading volume of 14.5 million shares.

JPMorgan Chase has a market cap of $248.23 billion and is part of the financial sector and banking industry. Shares are up 7.3% year-to-date as of Tuesday's close. The stock's dividend yield sits at 2.6%.

JPMorgan Chase & Co. 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 revenue growth, solid stock price performance, growth in earnings per share, increase in net income and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

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