BackNuveen New York Select Tax-Free Income Portfolio Overview
Nuveen New York Select Tax-Free Income Portfolio

Nuveen New York Select Tax-Free Income Portfolio Return on Equity

Latest ROE for Nuveen New York Select Tax-Free Income Portfolio: 7.83% — see history and peer comparisons.

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ROE

7.83%

Return on Equity

7.83%

Return on Equity measures how efficiently a company uses shareholders' equity to generate profits. A higher ROE indicates better profitability relative to equity.

ROE (Comparison Companies)

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ROE History

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ROE Comparison

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Nuveen New York Select Tax-Free Income Portfolio (NXN) FAQ

Nuveen New York Select Tax-Free Income Portfolio's return on equity stands at 7.83%. That is above the sector sector average of -5.68%. Stockcircle updates this page with the newest filings so you can track how the metric evolves quarter by quarter.

Nuveen New York Select Tax-Free Income Portfolio sits higher the its sector benchmark (-5.68%) with a ROE of 7.83%. That is roughly 237.7% above the sector mean. Peer context matters because what looks expensive or cheap in absolute terms can be normal for the sector.

A ROE of 7.83% for Nuveen New York Select Tax-Free Income Portfolio means each unit of related capital or sales is generating that return rate. Higher is usually better for profitability metrics, but extremely high figures can reflect one-time items or thin equity bases. Review several years of data on this page before extrapolating.

The history chart shows how Nuveen New York Select Tax-Free Income Portfolio's ROE evolved across reporting periods, while the comparison chart places NXN next to similar companies. Use both: a rising metric that still lags peers tells a different story than a rising metric that already leads the group. Growth charts, when available, highlight acceleration or slowdown.