Bonus Watch '12: Bank Of America

Today is bonus communication day in BofA global markets and while there are no specifics to be had just yet, a couple things to note: 1) it's not looking good and 2) this hurts them more than it hurts you.

"Pre-guidance was to expect bad news (zeroes for some). Still early in process but I saw one senior MD (trading group head) very upset and yelling after seeing the numbers he had to deliver."