A large advisory team that managed around $2 billion has left J.P. Morgan Securities to join Wells Fargo. The 17-person Canell Group is moving to Wells Fargo’s Private Client Group in New York City, according to the company.

JPMorgan Chase ( JPM -0.20%), the country's largest bank by assets, recently declared a third-quarter dividend of $1.25, a roughly 9% hike. Banks are generally known as good dividend-paying stocks, and JPMorgan Chase is one of the most profitable large banks. It has grown its payout significantly over the last decade.