BlackRock New York Municipal Income Trust
BNY
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+ FollowMarket Cap$98.57B
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Earnings Call Q3 2026
October 15, 2026 - AI Summary
Strong Q3 financial performance; momentum broad-based
- EPS $2.34, up 24% YoY; pretax margin 39% and ROTC (return on tangible common equity) 29%.
- Firmwide revenue $5.7B, up 12% YoY with ~390 bps positive operating leverage (scalability).
- Fee revenue up 12% YoY; major drivers: investment services fees +15% and strong FX revenue +19%.
- Capital markets environment “constructive but uneven”: equities strong; volatility in fixed income from inflation, rate repricing, geopolitical/trade uncertainty.
Earnings supported by growth in AUC/A, but AUM grew modestly
- AUC/A: $63.4T, up 10% YoY (market values + net inflows/new business; FX headwind).
- AUM: $2.2T, up only 2% YoY (market values offset by cumulative net outflows and stronger USD).
- Credit losses: provision for credit losses negligible (positive/risk-limiting point).
Operating expense growth higher than revenue targets (key negative / watch item)
- Expenses $3.5B, up 8% YoY; >3/4 of increase is revenue-related; remainder from higher investments, partly offset by efficiency savings.
- Investors asked about AI spend: management stated $4B/year on technology; did not break out exact AI line-item spending publicly, emphasizing FinOps/routing controls (token/model costs) via their AI platform Eliza.
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$164.65
13.3% upsideBlackRock New York Municipal Income Trust Target Price Details
Target Price by Analysts
13.3% upsideBlackRock New York Municipal Income Trust Target Price Details$319.48119.9% upside
Current Fair Value
119.9% upsideUndervalued by 119.9% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $98.57 Billion |
|---|---|
| Enterprise Value | - |
| Dividend Yield | $2.27 (1.56%) |
| Earnings per Share | $7.46 |
| Beta | 1.05 |
| Outstanding Shares | 679,490,000 |
Return
| Return on Equity | NaN% |
|---|---|
| Return on Assets | NaN% |
| Return on Invested Capital | NaN% |
Valuation & Multiples
| P/E Ratio | 15.96 |
|---|---|
| PEG | 101.85 |
| Price to Sales | 4.54 |
| Price to Book Ratio | - |
| Enterprise Value to Revenue | - |
| Enterprise Value to EBIT | - |
| Enterprise Value to Net Income | - |
| Total Debt to Enterprise | - |
| Debt to Equity | - |
Revenue Sources
No data
Insider Trades
Last Earnings Call
Report Date
October 15, 2026
EPS Estimate
$2.27
Average shareholder expectationRevenue Estimate
$5.55 B
Average shareholder expectationNext Earnings Call
Expected Date
January 12, 2027
EPS Estimate
$2.32
Average shareholder expectationRevenue Estimate
$5.68 B
Average shareholder expectationInstitutional Put/Call Ratio
Market sentiment based on institutional option activity.
| Put/Call Ratio | 0.00000% |
|---|---|
| Total Calls | - |
| Total Puts | - |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 27.08%▲ 26.28% |
|---|---|
| Total Invested | $66.23M▲ 15.07% |
| Investors Holding | 57▲ 7.00% |
ESG Score
No data
About Bank Of New York Mellon Corp
48,400 employees
CEO: Thomas Gibbons BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual ...