Neuberger Berman New York Municipal Fund, Inc. (NBO) Stock Analysis
DELISTED 2023
What happened to Neuberger Berman New York Municipal Fund, Inc. (NBO) stock?
Neuberger Berman New York Municipal Fund, Inc. (NBO) no longer trades on public markets. It was delisted in October 2023. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Neuberger Berman New York Municipal Fund, Inc. (NBO) trades at $8.48. Neuberger Berman New York Municipal Fund, Inc. is a closed-end fund focusing on tax-exempt municipal bonds within New York. Market cap: $43.1M, Sector: Financial services.
Last analyzed: Mar 18, 2026Analyst Coverage for NBO: NBO does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates NBO against Financial Services peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
Neuberger Berman New York Municipal Fund, Inc. (NBO) Financial Services Profile
Neuberger Berman New York Municipal Fund is a closed-end fund specializing in New York municipal bonds, offering investors exposure to tax-exempt fixed income. Managed by Neuberger Berman, the fund focuses on high-quality, short-to-intermediate term municipal securities, benchmarking against the Barclays 10-Year Municipal Bond Index within the competitive asset management sector.
What Is the Investment Thesis for NBO?
Neuberger Berman New York Municipal Fund, with a market capitalization of $43.1M and a dividend yield of 4.14%, presents a focused investment in New York municipal bonds. The fund's strategy of investing in high-rated, short-to-intermediate term bonds aims to provide stable, tax-exempt income. A profit margin of 110.1% suggests efficient management, while a beta of 0.42 indicates lower volatility compared to the broader market. Key value drivers include the fund's ability to maintain a high-quality portfolio and generate consistent income. Upcoming catalysts include potential shifts in interest rate policies that could affect bond valuations. Potential risks include changes in tax laws that could reduce the attractiveness of municipal bonds.
Based on FMP financials and quantitative analysis
NBO Key Highlights
Market Cap of $43.1M indicates a smaller, more specialized fund within the asset management landscape.
- Profit Margin of 110.1% reflects efficient management and potentially strong performance of the fund's investments.
- Dividend Yield of 4.14% offers an attractive income stream for investors seeking tax-exempt returns.
- Beta of 0.42 suggests lower volatility compared to the broader market, appealing to risk-averse investors.
- Investments primarily in tax-exempt municipal bonds with maturities under 15 years provide a focused and relatively stable portfolio.
Who Are NBO's Competitors?
NBO is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| BSCVX Bernzott U.S. Small Cap Value Fund | $11.36 | +0.09% | $39.6M | 44 |
| EDI Virtus Stone Harbor Emerging Markets Total Income Fund | $5.02 | -1.37% | $50.3M | 45 |
| FIRWX Fidelity Simplicity RMD 2020 Fund | $61.60 | -1.00% | $44.1M | 44 |
| FMEDX Fidelity Disruptive Medicine Fund | $11.28 | -0.18% | $43.2M | 44 |
| FNETX Fidelity Disruptive Communications Fund | $12.47 | +0.00% | $38.0M | 44 |
| EEA The European Equity Fund, Inc. | $11.15 | -0.59% | $74.7M | 67 |
| HNNA Hennessy Advisors, Inc. | $9.89 | -1.30% | $78.2M | 81 |
| BCG Binah Capital Group, Inc. | $1.40 | +0.72% | $23.5M | 78 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are NBO's Key Strengths?
Focus on high-quality municipal bonds.
- Experienced management team at Neuberger Berman.
- Consistent dividend yield for investors.
- Lower volatility compared to broader market.
What Are NBO's Weaknesses?
Small market capitalization limits trading liquidity.
- Vulnerability to interest rate fluctuations.
- Dependence on the financial health of New York municipalities.
- Closed-end fund structure can trade at a discount to NAV.
What Could Drive NBO Stock Higher?
Potential changes in interest rate policies by the Federal Reserve could impact bond valuations.
- Demand for tax-exempt income remains strong in high-tax states like New York.
- Infrastructure projects in New York could lead to the issuance of new municipal bonds.
What Are the Key Risks for NBO?
Changes in federal or state tax laws could reduce the attractiveness of municipal bonds.
- Economic downturn affecting the creditworthiness of New York municipalities.
- Rising interest rates could negatively impact bond valuations.
- Market volatility could lead to fluctuations in the fund's net asset value.
What Are the Growth Opportunities for NBO?
- Expansion into Green Bonds: The increasing demand for environmentally and socially responsible investments presents an opportunity for Neuberger Berman New York Municipal Fund to expand its portfolio into green municipal bonds. By allocating a portion of its investments to projects with positive environmental impacts, the fund can attract a new segment of investors focused on sustainability. The market for green bonds is projected to reach $1 trillion by 2027, offering substantial growth potential. This aligns with the growing trend of ESG investing and enhances the fund's appeal to socially conscious investors.
- Strategic Partnerships with Financial Advisors: Forming strategic partnerships with financial advisors and wealth management firms can significantly expand the fund's distribution network. By offering the fund as a preferred investment option to their clients, financial advisors can drive increased investment and asset growth. The wealth management market is estimated at $100 trillion globally, providing a vast pool of potential investors. These partnerships can also provide valuable insights into investor preferences and market trends, allowing the fund to tailor its offerings and marketing efforts effectively.
- Leveraging Technology for Enhanced Portfolio Management: Implementing advanced data analytics and AI-driven tools can enhance the fund's portfolio management capabilities. By leveraging technology to identify undervalued municipal bonds and optimize asset allocation, the fund can improve its risk-adjusted returns. The fintech market in asset management is growing rapidly, with investments in AI and machine learning expected to reach $10 billion by 2028. This can lead to better investment decisions and a competitive edge in the market.
- Focus on Short-Term Municipal Bonds: With potential interest rate hikes on the horizon, focusing on short-term municipal bonds can mitigate interest rate risk and provide greater stability. Short-term bonds are less sensitive to interest rate fluctuations, making them a noteworthy option in a rising rate environment. The market for short-term municipal bonds is estimated at $500 billion, offering ample investment opportunities. This strategy can also provide the fund with greater flexibility to reinvest in higher-yielding bonds as interest rates rise.
- Targeting High-Net-Worth Individuals in New York: Focusing marketing efforts on high-net-worth individuals in New York can drive increased investment in the fund. These individuals are often seeking tax-advantaged investment options to minimize their state and local tax burden. The number of high-net-worth individuals in New York is estimated at over 1 million, representing a significant potential investor base. By highlighting the fund's tax-exempt income and its focus on New York municipal bonds, the fund can attract a substantial amount of investment from this segment.
What Are NBO's Competitive Advantages?
- Established track record as a closed-end fund since 2002.
- Expertise in managing municipal bond portfolios.
- Strong brand reputation of Neuberger Berman.
- Focus on high-quality, investment-grade securities.
What Does NBO Do?
Neuberger Berman New York Municipal Fund, Inc. was established on September 24, 2002, and is a closed-end fixed income mutual fund domiciled in the United States. The fund is managed by Neuberger Berman Management LLC, with co-management from Neuberger Berman LLC. It focuses on investing in the fixed income markets within the United States, specifically targeting tax-exempt municipal bonds. These bonds typically have remaining maturities of less than 15 years. The fund's investment strategy emphasizes securities rated within the top four categories by a statistical rating organization, ensuring a focus on high-quality assets. The fund seeks to provide stable income to its investors through strategic investments in municipal bonds. The fund's performance is benchmarked against the Barclays 10-Year Municipal Bond Index, providing a standard for evaluating its investment returns. Formerly known as Neuberger Berman California Intermediate Municipal Fund Inc., the fund shifted its focus to New York municipal bonds, reflecting its current investment mandate and geographic focus. The fund operates within the asset management industry, offering a specialized investment vehicle for those seeking tax-advantaged income from municipal bonds.
What Products and Services Does NBO Offer?
- Invests in fixed income markets within the United States.
- Focuses primarily on tax-exempt municipal bonds.
- Targets bonds with remaining maturities of less than 15 years.
- Seeks securities rated in the top four categories by rating organizations.
- Benchmarks performance against the Barclays 10-Year Municipal Bond Index.
- Provides a closed-end fund structure for fixed income investments.
- Offers tax-advantaged income to investors.
How Does NBO Make Money?
- Generates income through investments in municipal bonds.
- Manages a portfolio of fixed-income securities.
- Distributes income to shareholders through dividends.
- Charges management fees for investment services.
What Industry Does NBO Operate In?
Neuberger Berman New York Municipal Fund operates within the asset management industry, specifically focusing on municipal bonds. The market for municipal bonds is influenced by factors such as interest rates, tax policies, and the financial health of state and local governments. The fund competes with other closed-end funds and fixed-income investments, including those offered by BSCVX, EDI, FIRWX, FMEDX, and FNETX. Demand for municipal bonds is driven by investors seeking tax-advantaged income, particularly in high-tax states like New York. The competitive landscape requires the fund to maintain a high-quality portfolio and deliver consistent returns to attract and retain investors.
Who Are NBO's Key Customers?
- Individual investors seeking tax-exempt income.
- Institutional investors looking for fixed-income exposure.
- Wealth management firms seeking investment options for clients.
- Retirement accounts seeking stable income streams.
NBO Financials
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in NBO's long-term value, indicating that executives believe in a positive outlook.
- Community sentiment has turned bullish as investors discuss the fund's potential for stable returns amid municipal bond market stability.
- Recent discussions highlight NBO's strong management team, which is seen as a key asset in navigating current market conditions.
- Market perception is shifting positively as analysts note the favorable tax implications of municipal bonds for investors.
Bear Case
- Some investors express concerns about rising interest rates, which could negatively impact the performance of municipal bonds and NBO's returns.
- Social sentiment reflects skepticism about the fund's ability to generate significant growth, with some viewing it as a conservative investment with limited upside.
- Recent bearish discussions emphasize a lack of liquidity in the municipal bond market, which could affect NBO's trading and valuation.
- There are worries about potential regulatory changes that could impact the municipal bond market, leading to uncertainty around NBO's future performance.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
NBO Latest News
No recent news available for NBO.
Leadership: Joseph Vincent Amato
Not available in provided data
Information about Joseph Vincent Amato's background is not available in the provided data. Further research would be needed to provide a comprehensive overview of his career history, education, and previous roles. This would typically include details on his experience in the asset management industry and any relevant credentials or affiliations.
Track Record: Information about Joseph Vincent Amato's track record is not available in the provided data. A detailed analysis of his key achievements, strategic decisions, and company milestones under his leadership would require additional research. This would typically involve examining the fund's performance and strategic initiatives during his tenure.
What Investors Ask About Neuberger Berman New York Municipal Fund, Inc. (NBO) — Financial Services
What happened to Neuberger Berman New York Municipal Fund, Inc. (NBO) stock?
Neuberger Berman New York Municipal Fund, Inc. (NBO) no longer trades on public markets. It was delisted in October 2023. The figures below are historical and are not a current quote.
Can I still buy NBO shares?
No. NBO stopped trading on public markets in October 2023, so the shares are not available through a broker. Anything you see quoted for NBO elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before NBO stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to Neuberger Berman New York Municipal Fund, Inc.. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does Neuberger Berman New York Municipal Fund, Inc. do?
Neuberger Berman New York Municipal Fund, Inc. is a closed-end fund that specializes in investing in tax-exempt municipal bonds issued by New York state and local governments. The fund's primary objective is to provide investors with a consistent stream of tax-advantaged income.
What are the main risks for NBO?
The main risks for Neuberger Berman New York Municipal Fund, Inc. include interest rate risk, credit risk, and legislative risk. Rising interest rates can negatively impact the value of the fund's bond holdings. Credit risk involves the possibility that a municipality may default on its bond obligations.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available data and may be subject to change.
- AI analysis is pending and may provide further insights.