A dividend increase?
Are you nuts?
Have you not been paying attention to the President?
The stockholder's representatives (the BOD) don't run Bank of America....the president's representatives (FED/UST) do.
And they have been for over 4 years now.
Our beloved pres has made it crystal clear that he wants to pick the pockets of rich people.
Have you not been listening?
I'll bet you don't see a divi increase until the little black man in the big white house leaves in '16.
If they can put the AIG settlement behind them and can earn at least $1.60(above estimated amount) then a $.32 - $.40 yearly dividend is not out of the question. This will be in addition to any buyback they might have.
Nice thought, but the Federal Reserve does NOT "ear mark" funds for this. The banks have to ask the Feds, during the annual stress test cycle, for permission to increase dividends or have share buybacks. The Feds will approve or disapprove based on their analysis of the ability of the banks to pay for the dividends/buybacks and still maintain the capital they require.