MainStay MacKay DefinedTerm Municipal Opportunities Fund (MainStay MacKay DefinedTerm Municipal Opportunities Fund) Net Interest Margin (Bank Only) % : N/A% (As of Nov. 2023)
What is MainStay MacKay DefinedTerm Municipal Opportunities Fund Net Interest Margin (Bank Only) %?
Net Interest Margin (Bank Only) % is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
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MainStay MacKay DefinedTerm Municipal Opportunities Fund Net Interest Margin (Bank Only) % Chart
MainStay MacKay DefinedTerm Municipal Opportunities Fund Annual Data
Competitive Comparison of MainStay MacKay DefinedTerm Municipal Opportunities Fund's Net Interest Margin (Bank Only) %
For the Asset Management subindustry, MainStay MacKay DefinedTerm Municipal Opportunities Fund's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
MainStay MacKay DefinedTerm Municipal Opportunities Fund's Net Interest Margin (Bank Only) % Distribution in the Asset Management Industry
* The bar in red indicates where MainStay MacKay DefinedTerm Municipal Opportunities Fund's Net Interest Margin (Bank Only) % falls into.
MainStay MacKay DefinedTerm Municipal Opportunities Fund Net Interest Margin (Bank Only) % Calculation
Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data,
the Net Interest Income (for Banks) data used here is two times the semi-annual (Nov. 2023) net interest income data.
Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.
MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) Net Interest Margin (Bank Only) % Explanation
The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.
MainStay MacKay DefinedTerm Municipal Opportunities Fund Net Interest Margin (Bank Only) % Related Terms
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MainStay MacKay DefinedTerm Municipal Opportunities Fund (MainStay MacKay DefinedTerm Municipal Opportunities Fund) Business Description
MainStay MacKay DefinedTerm Municipal Opportunities Fund is a USA-based diversified closed-end management investment company. The fund's investment objective is to seek current income exempt from regular U.S. Federal income taxes as well as total return. The company may also invest in TOB (Tender Option Bonds) Floaters and TOB Residuals issued by the TOB Issuer. It evaluates its performance against Barclays Municipal Bond Index.
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