BlackRock New York Municipal Income Trust

BNY

Market cap $246M

BNY has tasked insider Adam Vos to oversee the push to strengthen its wealth and managed accounts offerings, the oldest U.S. bank said on Tuesday.

Global financial services company BNY is focusing on digital assets and other new products and solutions as one of its four strategic priorities. The other strategic priorities are serving its clients as One BNY, transitioning to a platforms operating model and embracing artificial intelligence (AI), according to a quarterly update released Tuesday (Jan.

Bank of New York Mellon posted higher fourth-quarter profit as its net interest income and fees revenue continued to surge.

On Wednesday, the White House announced additional support for Trump accounts, a type of tax-advantaged savings account for children. Here's what families need to know about who is eligible for the funding.

Bank of New York Mellon posted higher third-quarter profit, boosted by a surge in net interest income and fees revenue.

BNY reported a 21% jump in third-quarter profit on Thursday, as soaring equity markets boosted the value of its client assets, helping the world's largest custodian bank earn more in fees.

BNY's profit jumped in the second quarter, the Wall Street bank reported on Tuesday, driven by higher interest income and fee revenue growth, as client portfolios swelled due to a recovery in the equity market.

BlackRock New York Municipal Income Trust is a managed fund investing in NY municipal bonds, offering tax-free income for NY state and city taxpayers. This fund is most attractive to investors in high tax brackets seeking income, not capital gains, and who pay NY state and city taxes. Non-NY residents or those with low/no income tax liability should look elsewhere, as the tax advantages are specific to NY taxpayers.

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We tracked six new preferred stock and exchange traded debt offerings with yields from 6.15% to 10%, highlighting their CDx3 Compliance Scores. Oxford Lane Capital Corp.'s new exchange notes (OXLCG) achieved a perfect CDx3 Compliance Score, offering a 7.95% fixed coupon and a BBB+ rating. Preferred stock IPOs often trade temporarily on the OTC, allowing investors to buy shares at wholesale prices before they move to retail exchanges.