Streetbeat News

BNY

BlackRock New York Municipal Income Trust

https://www.blackrock.com/investing/products/240237/blackrock-new-york-municipal-income-trust-usd-fund

Industry

Asset Management - Income

BlackRock New York Municipal Income Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in the investment grade municipal bonds exempt from federal income taxes and New York State and New York City personal income taxes. BlackRock New York Municipal Income Trust was formed on July 26, 2001 and is domiciled in United States.

Open

10.63

Mkt cap

254M

Volume

80K

High

10.63

P/E Ratio

22.38

52-wk high

11.10

Low

10.52

Div yield

0.05

52-wk low

9.66

The Bank of New York Mellon Corporation (BNY) will release its fourth quarter 2024 financial results on January 15, 2025. The results will be available on BNY's website at 6:30 a.m.

Portfolio Pulse from

November 15, 2024 | 1:45 pm

BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. announced the final results of its quarterly tender offer, which was oversubscribed. The fund will purchase shares from all tendering shareholders.

Portfolio Pulse from

November 14, 2024 | 9:00 pm

The Bank of New York Mellon Corporation (BNY) announced the redemption of its 5.224% Fixed Rate / Floating Rate Callable Senior Bank Notes due 2025, with a total principal amount of $750 million.

Portfolio Pulse from

November 13, 2024 | 1:45 pm

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) announced its plan to liquidate on or about November 25, 2024. The Fund will deviate from its stated investment strategy as it prepares for liquidation.

Portfolio Pulse from

November 12, 2024 | 10:00 pm

BNY Mellon's CEO, Robin Vince, will speak at the Goldman Sachs Financial Services Conference on December 11, 2024. This event may provide insights into BNY's strategic direction and financial outlook.

Portfolio Pulse from

November 07, 2024 | 1:45 pm

The third-quarter earnings season for U.S. banks is set to begin, with major institutions like JPMorgan Chase, Wells Fargo, and Bank of New York Mellon reporting results. Analysts are optimistic about the banking sector, expecting rate cuts and capital returns. Top stock picks include Citigroup, Morgan Stanley, and Truist.

Portfolio Pulse from Piero Cingari

October 09, 2024 | 4:30 pm

U.S. banks are preparing to report their Q3 earnings with a focus on potential economic soft landing, Fed rate cuts, and political risks. Analysts favor regional banks over large money center banks, with key picks including U.S. Bancorp, Western Alliance, and others. Bank of America downgraded Comerica Inc. due to overvaluation concerns.

Portfolio Pulse from Piero Cingari

October 07, 2024 | 8:48 pm

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