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BNY
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BlackRock New York Municipal Income Trust (BNY)

Upturn stock ratingUpturn stock rating
$9.52
Last Close (24-hour delay)
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PASS
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  • SELL Advisory (Loss)​
  • Profit
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Upturn Advisory Summary

08/28/2025: BNY (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Analysis of Past Performance

Type Stock
Historic Profit 0.55%
Avg. Invested days 46
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/28/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 231.52M USD
Price to earnings Ratio -
1Y Target Price -
Price to earnings Ratio -
1Y Target Price -
Volume (30-day avg) -
Beta 0.66
52 Weeks Range 9.40 - 10.61
Updated Date 06/29/2025
52 Weeks Range 9.40 - 10.61
Updated Date 06/29/2025
Dividends yield (FY) 6.38%
Basic EPS (TTM) -

Earnings Date

Report Date 2025-06-17
When After Market
Estimate -
Actual -

Profitability

Profit Margin 0.11%
Operating Margin (TTM) 82.72%

Management Effectiveness

Return on Assets (TTM) 2.23%
Return on Equity (TTM) 0.01%

Valuation

Trailing PE -
Forward PE -
Enterprise Value 397627456
Price to Sales(TTM) 11.44
Enterprise Value 397627456
Price to Sales(TTM) 11.44
Enterprise Value to Revenue 264.76
Enterprise Value to EBITDA -
Shares Outstanding 24117100
Shares Floating -
Shares Outstanding 24117100
Shares Floating -
Percent Insiders -
Percent Institutions 25.11

ai summary icon Upturn AI SWOT

BlackRock New York Municipal Income Trust

stock logo

Company Overview

overview logo History and Background

BlackRock New York Municipal Income Trust (BNY) was founded to provide current income exempt from federal and New York State income taxes. It has operated as a closed-end fund, focusing on municipal securities.

business area logo Core Business Areas

  • Municipal Securities Investment: Investing in a portfolio of municipal securities, primarily those exempt from federal and New York State income taxes, to generate current income.

leadership logo Leadership and Structure

The fund is managed by BlackRock Advisors, LLC. Leadership typically includes portfolio managers and investment professionals specializing in municipal bonds. As a closed-end fund, it does not have a traditional corporate structure.

Top Products and Market Share

overview logo Key Offerings

  • Tax-Exempt Municipal Bonds: BNY invests primarily in investment-grade municipal bonds that are exempt from federal and New York state income taxes. Market share is difficult to pinpoint exactly for a specific closed-end fund; competes with other municipal bond funds and individual bonds. Competitors include Nuveen and Eaton Vance Municipal Bond Funds.

Market Dynamics

industry overview logo Industry Overview

The municipal bond market is influenced by interest rates, tax policies, and the financial health of state and local governments. Demand for tax-exempt income drives investment.

Positioning

BNY is positioned as a provider of tax-exempt income for New York state residents. Competitive advantages include BlackRock's expertise in fixed-income management and scale.

Total Addressable Market (TAM)

The total municipal bond market is in the trillions. BNY is positioned to capture a share of this market by offering a tax-advantaged investment vehicle.

Upturn SWOT Analysis

Strengths

  • Experienced management team (BlackRock)
  • Tax-exempt income for NY residents
  • Diversified portfolio of municipal bonds
  • Established track record

Weaknesses

  • Sensitivity to interest rate changes
  • Limited capital appreciation potential
  • Management fees impact returns
  • Discount to NAV can fluctuate

Opportunities

  • Increased demand for tax-exempt income in a rising tax environment
  • Potential for NAV appreciation in a favorable interest rate environment
  • Expansion into other municipal bond sectors
  • Increased focus on ESG factors in municipal bond investing

Threats

  • Rising interest rates
  • Changes in tax laws
  • Credit risk of municipal issuers
  • Increased competition from other tax-advantaged investments

Competitors and Market Share

competitor logo Key Competitors

  • Nuveen AMT-Free Quality Municipal Income Fund (NEA)
  • Eaton Vance Municipal Bond Fund (EIM)
  • PIMCO Municipal Income Fund (PMF)

Competitive Landscape

BNY competes with other closed-end municipal bond funds, open-end municipal bond funds, and individual municipal bonds. Competition is based on yield, risk profile, and management expertise.

Growth Trajectory and Initiatives

Historical Growth: Growth is primarily driven by market performance and the fund's ability to generate income. Net asset value fluctuates.

Future Projections: Future projections depend on the outlook for the municipal bond market and interest rates. Analyst estimates vary.

Recent Initiatives: Recent initiatives may include adjusting the portfolio allocation to optimize income and manage risk.

Summary

BlackRock New York Municipal Income Trust provides tax-exempt income for New York residents. Its strength lies in its experienced management and established track record, but faces challenges from rising interest rates and potential changes in tax laws. The fund should continue to focus on risk management and adapting to market conditions. BNY's future performance is largely dependent on the overall health and performance of the municipal bond market.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • BlackRock official website
  • SEC filings
  • Financial news sources (e.g., Bloomberg, Reuters)
  • Morningstar

Disclaimers:

This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor. Market data is subject to change.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About BlackRock New York Municipal Income Trust

Exchange NYSE
Headquaters New York, NY, United States
IPO Launch date 2001-07-27
CEO -
Sector Financial Services
Industry Asset Management
Full time employees -
Full time employees -

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.