Finance Questions

Archive for October, 2008

Question: 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.

Answer: 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.

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Question: What's the best bank for Personal Finance?

Anyone like to say what bank they're with and good and bad points. I'm with HSBC and they're a bunch of crooks. Looking around for something better, be grateful for your opinions

Answer: If you're in Britain, the Co-operative Bank is good.

It's the only one with a complete ethical investment policy, and I've always found them helpful and less impersonal than the Halifax, my previous bank.

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