✱ Bank of America shares rose after reporting betterꦉ-than-expected earnings on higher interest income and Johnson & Johnson delivered an earnings beat on medical device and pharmaceutical sales. Here’s what investors need to know today.

1. B൲ofA Beats Profit Estimates on Higher Interest Income, ꦡLoan Growth

Bank of America (BAC) reported better-than-expected earnings on net interest income gains driven by higher interest rates and loan growth. The bank's third-quarter profit rose 10% from a year ago to $7.8 billion, or $0.90 a share, on revenue of $25.2 billion, better than the earnings of $0.83 a share on revenue of $25.1 billion that analysts expected. Bank of America shares climbed 0.7% in pre-market trading.

2. J&J Top🍃s Earnings, Revenue Estimates on Medical Device and Pharmaceutical Sales

澳洲幸运5官方开奖结果体彩网:Johnson & Johnson (JNJ) quarterly results topped analyst expectations, with the company pointing to a jump in sales at its medical devices and pharmaceutical business divisions. In its first quarterly report since splitting 澳洲幸运5官方开奖结果体彩网:off consumer health company Kenvue, J&J reported quarterly earnings of $2.66 a share, compared with analyst estimates of $2.52, while its $21.35 billion in revenue beat forecasts of $21.03 billion. Shares of J&J were up 1.3% in pre-market trading.

3. NetScout Shares Dive After Cutting Yearly Outlook on Slowerꦡ Orders

NetScout Systems Inc (NTCT) plummeted nearly 25% in pre-market trading after the cybersecurity company cut its 澳洲幸运5官方开奖结果体彩网:annual guidance, pointing to slower order conversions. NetScout forecasted that its adjusted full-year earnings would come in at $2 to $2.20 a share, lower than its earlier call of $2.20 to $2.32 a share, while it cut its revenue outlook to $840 million to $860 million, lower than its prior revenue forecast of $915 million to $945 million.

4. Apple CEO Tim Cook Visits Chi🧜na After Lukewarm Reception of iPhone 15

Apple (AAPL) CEO Tim Cook made a surprise visit to China, cheering on gamers at an Apple store in Chengdu, as the company’s iPhone 15 has been met with lukewarm reception in the country, while competitor Huawei has overtaken Apple as the biggest smartphone maker in China. A note from Counterpoint Research indicated that 澳洲幸运5官方开奖结果体彩网:early iPhone 15 sales in China were down 4.5% compared with the iPhone 14. Shares of Apple dropped about 0.4% in pre-market trading.

5. Retail Sales Projected to Slow, Home Builder Confi♐dence to Dip

U.S. 澳洲幸运5官方开奖结果体彩网:retail sales are projected to have slowed in September, increasing 0.2% compared with the 0.6% growth in August, when that data is released at 8:30 a.m. ET. Industrial production is forecast to have slowed to a 0.1% growth rate in September, down from a 0.4% increase in the prior month, while at 10 a.m. ET, the 澳洲幸运5官方开奖结果体彩网:home builder confidence index is expected to dip to a reading of 44 in October, down from last month’s 45. At 10:30 a.m. ET, Fed Governor Michelle Bowman and Minneapolis Fed President Neel Kashkari will speak, while Richmond Fed President Tom Barkin is scheduled to deliver remarks at 10:45 a.m. ET.