That’s how much extra income Dimon could get from his stake of about 6 million shares if his New York-based bank raises its payout as much as analysts predict.
Bankers will find out whether they get any boost Wednesday, when the Fed announces which capital plans at the 18 largest U.S. lenders won approval. Regulators have pressed firms since the 2008 credit crisis to give executives more stock and less cash to align their interests with those of shareholders.
CEOs are poised to get a windfall if payouts increase and shares rise - or to suffer with their investors if results sputter.
'There’s a very clear message in last week’s stress test that the banks are going to have to raise capital, particularly the largest banks', said Nancy Bush, an analyst and contributing editor at SNL Financial LC, a bank-research firm in Charlottesville, Virginia. 'They will be able to raise their dividends, but not in any kind of an aggressive fashion'.
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