With the approaching date of March 20 being the day the U.S. government will reveal which of the 19 banks that received TARP money will be allowed to increase dividends, among those expected to be released are JPMorgan (NYSE:JPM), PNC (NYSE:PNC), Wells Fargo (NYSE:WFC) and US Bancorp (NYSE:USB).
Consequenlty, the following day, March 21, shareholders and investors believe there will be major announcements from the above-listed banks concerning dividend increases.
Expectations are the banks will want to move quickly to gain advantage over their peers in order to attract more investment; especially over those who won't be allowed to offer or boost dividends, which will seriously put them at a disadvantage among certain investor groups.
Tuesday, March 8, 2011
JPMorgan (JPM), PNC (PNC), Wells Fargo (WFC), US Bancorp (USB), Expected to Boost Dividends
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