Banks to Increase Dividends. Financial Stocks to Benefit Include JPM, BAC, WFC, GS, USB, STT and BNY
The Federal Reserve will soon allow banks with strong enough capital cushions to raise dividends, making them much more attractive to local and foreign investors. Only banks that satisfy new capital requirements from global regulators (Basel III) and domestic regulators (Dodd-Frank), will be able to raise dividends. The potential for …