JPMorgan (NYSE:JPM), Wells Fargo (NYSE:WFC), US Bancorp [NYSE:USB) Among Banks Likely to Raise Dividends

Among U.S. banks, RBC Capital says JPMorgan Chase (NYSE:JPM), Wells Fargo (NYSE:WFC), US Bancorp (NYSE:USB), Bank of New York Mellon (NYSE:BK), Capital One Financial (NYSE:COF), PNC Financial Services Group (NYSE:PNC), State Street (NYSE:STT) are among those with the highest probability to raise their dividends.

Much of this is based upon the requirement of the U.S. government which said only banks that were well-capitalized would be allowed to boost their dividends, something RBC Capital Markets analyst Gerard Cassidy believes the banks listed above qualify for.

Not only that, Cassidy thinks they banks could raise dividends quicker than investors think they will.

So far there hasn't been much activity in that regard, but if one or two raise dividends, there's no doubt those who qualify will respond quickly with dividend increased of their own.