BlackRock New York Municipal Income Trust Aktie News

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 spe...