Bank Dividends to Get Fed OK: Report

JPMorgan is among five banks expected to raise their payouts.
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NEW YORK (

TheStreet

)--The Federal Reserve is expected to allow strong banks to up their dividend payments,

The Wall Street Journal

reported Thursday.

Bank regulators will soon issue detailed guidance explaining capital requirements banks must meet before increasing payouts to investors. Most banks have held off on raising dividend payments as they wait for clarity on how much of a capital cushion they are expected to have to protect against losses. While it has been widely understood those requirements are expected to increase, details have yet to be ironed out.

JPMorgan Chase

(JPM) - Get Report

,

US Bancorp

(USB) - Get Report

,

PNC Financial

(PNC) - Get Report

,

Wells Fargo

(WFC) - Get Report

and

BB&T

(BBT) - Get Report

are among banks expected to be first in line to raise their dividends, according to a Sept. 29 report from Keefe, Bruyette & Woods.

Which Banks Could Raise Dividends

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Written by Dan Freed in New York

.

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