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Updated from 1:26 p.m. EST
Bank of America (BAC Quote) CEO Ken Lewis is recommending that he and other top executives should not receive bonuses for 2008, as the bank's earnings will be below expectations, according to media reports citing an internal memo.
The Charlotte, N.C.-based bank's board still has to verify Lewis' recommendation, the reports said.
Analysts polled by Thomson Reuters, on average, forecast fourth-quarter earnings of 15 cents per share on revenue of $20.9 billion, and 2008 earnings of $1.23 per share on revenue of nearly $78 billion. Bank of America is expected to report earnings Jan. 20. ...
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