Details on the chief executive's compensation will be disclosed in the coming days, possibly as soon as Friday.
A spokesman for the bank declined to comment.
Mr. Dimon's defenders point to his active role in negotiating a string of government settlements that helped JPMorgan move beyond some of its biggest legal problems. He has also solidified his support among board members, according to the people briefed on the matter, by acting as a chief negotiator as JPMorgan worked out a string of banner government settlements this year.
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Also under his leadership, the bank has generated strong profits and its stock price is up more than 22 percent over the last 12 months. Some board members fault what they consider to be overzealous federal prosecutors for the hefty fines, rather than Mr. Dimon or the bank, arguing that JPMorgan is being penalized for the sins of firms like Bear Stearns that it scooped up during the financial crisis.
But many of those very problems arose under Mr. Dimon's watch, including $1 billion in fines from regulators over the trading blowup. Leaving his compensation unchanged could have sent a symbolic message of contrition to authorities.
Instead, the board's decision to raise his pay may energize critics who have questioned whether the directors can provide an effective check on the charismatic Mr. Dimon, who is both chairman and chief executive. Some shareholders have argued for those jobs to be split to limit his power, but a proposal for such a division was handily defeated at the bank's annual meeting last spring.
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It is unlikely that Mr. Dimon will receive anything near the $23.1 million he got for 2011, when he was the highest-paid chief executive at a large bank. So far, none of the biggest Wall Street firms have released the 2013 compensation for their senior executives. Last year, Lloyd C. Blankfein, the chairman and chief executive of Goldman Sachs, took home $21 million for 2012, about double what Mr. Dimon got once the board slashed his pay. At Wells Fargo, John Stumpf, the bank's chief executive, received $19.3 million for his work atop the country's largest mortgage lender.
Early signs, like stock payouts, suggest that bank chief executives are headed for a pay increase this year. Morgan Stanley, for example, gave James P. Gorman, its chief executive, a stock bonus valued at approximately $5 million as part of his total compensation for 2013. That is about double the stock bonus he received a year earlier.
JPMorgan's directors may have decided that Mr. Dimon, as his peers may, should get a raise, but to ordinary Americans — and possibly to regulators — the decision to increase his compensation may seem curious given the banner penalties that federal authorities have extracted from the bank. It is not unheard-of for chief executives to lose their jobs when their companies have been battered by regulators.
But a crucial difference is that JPMorgan's legal travails have not threatened the bank financially. While steep legal fees did weigh on the bank's bottom line, JPMorgan still reported annual 2013 profits of $17.9 billion. And while other bank chief executives stumbled during the financial crisis, Mr. Dimon never did, emerging from the wreckage even more powerful.