Finance, Forex and Investments

Why is there a big difference between yahoo finance and my broker in the price of the stock?

Yahoo and google finance both show me the price of BSC stock at $10.80, while scottrade.com, my online broker shows me that the bid price is $11.08. First, why is there this difference? sedond, does this mean that people are getting inot buying BSC today? Thanks.

Public Comments

1. Well there is a delay in the actual price and what you see on Yahoo! Finance. If you read the fine print on the quotes page "Quotes delayed, except where indicated otherwise." So it could have something to do with what you are seeing not being the actual asking price of the stock.
2. Places like Google and Yahoo are 15min delayed. Your broker most likely gives you a realtime snapshot. To get a better idea if people are buying or not, look at the chart of the stock, see what it did today. BSC is being bought out for $10, if its higher than that, those buying it now are risking their money, hoping it will get a higher offer.
3. Probably that difference is the delay in the Yahoo Finance quotes. I thought I'd add that BSC is not being bought by JPM for $10 a share. JPM offered 0.21753 of JPM shares for each BSC share. So, at JPM's closing price of $44.11, the value of the JPM shares offed for BSC is $9.60. It is possible that some firm will offer more for BSC, but it seems extremely unlikely. The Federal Reserve Bank has been criticized for its role in this "merger" so, were another suitor to emerge, the Fed would surely leap at the opportunity to cancel its funding arrangements for BSC's dicey assets. This means that the new suitor would not only have to offer a higher price to BSC shareholders, it would have to shoulder BSC's assets with little or no assistence from the Fed. It seems likelier that pigs will fly down Wall Street.