11:13 AM EST, 11/03/2025 (MT Newswires) -- Bank of America's ( BAC ) stock momentum likely hinges on how the bank outlines its roadmap for achieving return on tangible common equity targets at its Nov. 5 Investor Day, UBS Securities said in a Monday research note.

Investors are keen to understand how the company can reach the higher end of its 16% to 18% ROTCE range. A "credible walk" toward that goal would involve revenue growth outpacing expenses and meeting consensus share buyback estimates, the brokerage said.

"Where investments are going and where cost savings are being extracted are critical to varnish credibility here," according to the note.

Investors will also look for details on the bank's net interest income outlook and progress toward its 2.3% net interest margin target, along with explanations of how business lines can drive lasting fee growth.

UBS has a buy rating on Bank of America ( BAC ) with a $60 price target.

Shares of Bank of America ( BAC ) were down 1% in recent trading.

Price: 52.94, Change: -0.51, Percent Change: -0.95