Results for: Income Investment

Igor Kutyaev, a Seeking Alpha contributor, analyzes the Nuveen AMT-Free Quality Municipal Income Fund (NEA) and its potential as a total return investment in 2024. He highlights the current market conditions that favor Muni CEFs, such as the NAV discount at historical lows, the attractive tax-exempt yield, and the resilience of the US economy. He also discusses the risks associated with NEA’s high leverage, including vulnerability to market pullbacks and the potential impact of rising inflation.

TrustCo Bank Corp NY (NASDAQ: TRST) reported solid Q1 results despite the challenging economic environment. Loan activity remained strong, revenue surpassed consensus, and asset quality metrics were solid. With the dividend yield approaching 5.5% and a valuation below book value, analysts consider TRST a Buy.