The Federal Reserve's expected interest rate cuts appears to have impacted J.P. Morgan's forecast for 2019 net interest income.
Citigroup says gains from the Tradeweb IPO offset declines in trading and investment banking in the second quarter.
The move by J.P. Morgan represents its push to grab market share from competitors and broaden the pool of Americans who are invested in the stock market.
Coming from nowhere a few years ago, 118-person XTX Markets has climbed the ranks of electronic market makers, displacing huge institutions.
All 18 of the big institutions tested by the Fed won approval to boost payouts with the exception of the U.S. division of Credit Suisse, which had weaknesses in its capital planning process.
Credit Suisse was the only Wall Street firm that didn't sail through the Federal Reserve's annual stress test.
Morgan Stanley is the sixth biggest U.S. bank by assets, but it has leading businesses in Wall Street arenas like equities trading and mergers advice.
Lenders including J.P. Morgan Chase and Bank of America are widely expected to increase dividends this week.
The move is an important one because Wall Street firms tend to follow each other in expanding benefits amid a constant war for talent.
If Facebook cut corners in something as basic as the branding of its nascent crypto efforts, this dispute could give ammunition to its many critics.