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Nuveen New Jersey Quality Municipalome Fund (Nuveen New Jersey Quality Municipalome Fund) Net Interest Margin (Bank Only) % : N/A% (As of Aug. 2023)


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What is Nuveen New Jersey Quality Municipalome 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).

GuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. Nuveen New Jersey Quality Municipalome Fund's annualized Net Interest Income (for Banks) for the quarter that ended in Aug. 2023 was $21.10 Mil. Nuveen New Jersey Quality Municipalome Fund's average earning assets for the quarter that ended in Aug. 2023 was $0.00 Mil. Therefore, Nuveen New Jersey Quality Municipalome Fund's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Aug. 2023 was N/A%.


Nuveen New Jersey Quality Municipalome Fund Net Interest Margin (Bank Only) % Historical Data

The historical data trend for Nuveen New Jersey Quality Municipalome Fund's Net Interest Margin (Bank Only) % can be seen below:

* 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.

* Premium members only.

Nuveen New Jersey Quality Municipalome Fund Net Interest Margin (Bank Only) % Chart

Nuveen New Jersey Quality Municipalome Fund Annual Data
Trend Apr13 Apr14 Apr15 Apr16 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,821.00 -2,897.31 -3,345.00 - -

Nuveen New Jersey Quality Municipalome Fund Semi-Annual Data
Oct13 Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23
Net Interest Margin (Bank Only) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Nuveen New Jersey Quality Municipalome Fund's Net Interest Margin (Bank Only) %

For the Asset Management subindustry, Nuveen New Jersey Quality Municipalome 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.


Nuveen New Jersey Quality Municipalome Fund's Net Interest Margin (Bank Only) % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Nuveen New Jersey Quality Municipalome Fund's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where Nuveen New Jersey Quality Municipalome Fund's Net Interest Margin (Bank Only) % falls into.



Nuveen New Jersey Quality Municipalome 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).

Nuveen New Jersey Quality Municipalome Fund's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Feb. 2023 is calculated as

Net Interest Margin (Bank Only) %(A: Feb. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Feb. 2022 ) + Earning Assets (A: Feb. 2023 ))/ count )
=27.545/( (0 + 0)/ 1 )
=27.545/0
=N/A %

where

Earning Assets(A: Feb. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 0 + 0
=0

Earning Assets(A: Feb. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 0 + 0
=0

Nuveen New Jersey Quality Municipalome Fund's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Aug. 2023 is calculated as

Net Interest Margin (Bank Only) %(Q: Aug. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Feb. 2023 ) + Earning Assets (Q: Aug. 2023 ))/ count )
=21.098/( (0 + 0)/ 1 )
=21.098/0
=N/A %

where

Earning Assets(Q: Feb. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 0 + 0
=0

Earning Assets(Q: Aug. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 0 + 0
=0

* 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.

Note: Interest Expense is the negative value.

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 (Aug. 2023) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


Nuveen New Jersey Quality Municipalome Fund  (NYSE:NXJ) 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.


Nuveen New Jersey Quality Municipalome Fund Net Interest Margin (Bank Only) % Related Terms

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Nuveen New Jersey Quality Municipalome Fund (Nuveen New Jersey Quality Municipalome Fund) Business Description

Traded in Other Exchanges
N/A
Address
333 West Wacker Drive, Chicago, IL, USA, 60606
Nuveen New Jersey Quality Municipal Income Fund is a closed-end investment management company. Its objective is to provide current income exempt from regular federal and New Jersey income tax and to enhance portfolio value relative to the municipal bond market by investing in tax-exempt municipal bonds that the Fund's investment adviser believes are underrated or undervalued or that represent municipal market sectors that are undervalued.
Executives
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Trey Iii Stenersen officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Brett Black officer: Chief Compliance Officer 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
John M. Mccann officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Lancellotta Amy B.r. other: Trustee 333 W. WACKER DRIVE, C/O NUVEEN, STE 3400, CHICAGO IL 60606
Joanne Medero other: Trustee 333 W. WACKER DRIVE, C/O NUVEEN, STE 3400, CHICAGO IL 60606
Matthew Iii Thornton other: Trustee 3610 HACKS CROSS ROAD, MEMPHIS TN 38125
Deann Morgan other: Vice President TWO WORLD FINANCIAL CENTER, 7TH FLOOR, NEW YORK NY 10281
Jon Scott Meissner officer: Vice President 333 W WACKER DRIVE, STE 3400, CHICAGO IL 60606
Jacques M Longerstaey officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Brian J Lockhart officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
E. Scott Wickerham officer: Vice President C/O NUVEEN, STE 3400, CHICAGO IL 60606
Demark L Winget officer: Vice President C/O NUVEEN INVESTMENTS, 333 W WACKER DRIVE, CHICAGO IL 60606
William T. Meyers officer: Vice President C/O NUVEEN, 333 W. WACKER DRIVE, CHICAGO IL 60606

Nuveen New Jersey Quality Municipalome Fund (Nuveen New Jersey Quality Municipalome Fund) Headlines