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We examine whether news can improve realised volatility forecasting using a modern yet operationally simple NLP framework. News text is transformed into embedding-based representations, and forecasts are evaluated both as a standalone,…

Computational Finance · Quantitative Finance 2026-04-15 Eghbal Rahimikia , Stefan Zohren , Ser-Huang Poon

Large language models (LLMs) are increasingly deployed in financial research workflows, where their role is evolving from single-model assistance for human analysts toward autonomous collaboration among multiple agents. Yet real-world…

Computation and Language · Computer Science 2026-05-11 Yiyun Zhu , Yidong Jiang , Ziwen Xu , Yinsheng Yao , Dawei Cheng , Jinru Ding , Jie Xu

In this report, I present a deep learning approach to conduct a natural language processing (hereafter NLP) binary classification task for analyzing financial-fraud texts. First, I searched for regulatory announcements and enforcement…

Computation and Language · Computer Science 2023-08-09 Qiuru Li

In recent years there has been a growing demand from financial agents, especially from particular and institutional investors, for companies to report on climate-related financial risks. A vast amount of information, in text format, can be…

Computation and Language · Computer Science 2023-03-24 Eduardo C. Garrido-Merchán , Cristina González-Barthe , María Coronado Vaca

The integration of Large Language Models (LLMs) into the financial domain is driving a paradigm shift from passive information retrieval to dynamic, agentic interaction. While general-purpose tool learning has witnessed a surge in…

Artificial Intelligence · Computer Science 2026-03-10 Jiaxuan Lu , Kong Wang , Yemin Wang , Qingmei Tang , Hongwei Zeng , Xiang Chen , Jiahao Pi , Shujian Deng , Lingzhi Chen , Yi Fu , Kehua Yang , Xiao Sun

Reliable uncertainty quantification is a first step towards building explainable, transparent, and accountable artificial intelligent systems. Recent progress in Bayesian deep learning has made such quantification realizable. In this paper,…

Computation and Language · Computer Science 2018-11-20 Yijun Xiao , William Yang Wang

The rapid proliferation of large language models and natural language processing (NLP) applications creates a crucial need for uncertainty quantification to mitigate risks such as hallucinations and to enhance decision-making reliability in…

Computation and Language · Computer Science 2024-05-06 Margarida M. Campos , António Farinhas , Chrysoula Zerva , Mário A. T. Figueiredo , André F. T. Martins

Financial sentiment analysis is a challenging task due to the specialized language and lack of labeled data in that domain. General-purpose models are not effective enough because of the specialized language used in a financial context. We…

Computation and Language · Computer Science 2019-08-28 Dogu Araci

Stock market prediction is one of the most attractive research topic since the successful prediction on the market's future movement leads to significant profit. Traditional short term stock market predictions are usually based on the…

Computational Finance · Quantitative Finance 2018-11-16 Huicheng Liu

Financial tasks are pivotal to global economic stability; however, their execution faces challenges including labor intensive processes, low error tolerance, data fragmentation, and tool limitations. Although large language models (LLMs)…

Artificial Intelligence · Computer Science 2025-05-21 Junzhe Jiang , Chang Yang , Aixin Cui , Sihan Jin , Ruiyu Wang , Bo Li , Xiao Huang , Dongning Sun , Xinrun Wang

Although language model scores are often treated as probabilities, their reliability as probability estimators has mainly been studied through calibration, overlooking other aspects. In particular, it is unclear whether language models…

Computation and Language · Computer Science 2024-10-01 Eitan Wagner , Yuli Slavutsky , Omri Abend

The task of stock earnings forecasting has received considerable attention due to the demand investors in real-world scenarios. However, compared with financial institutions, it is not easy for ordinary investors to mine factors and analyze…

Computation and Language · Computer Science 2024-03-06 Xiangyu Li , Xinjie Shen , Yawen Zeng , Xiaofen Xing , Jin Xu

This work evaluates FinGPT, a financial domain-specific language model, across six key natural language processing (NLP) tasks: Sentiment Analysis, Text Classification, Named Entity Recognition, Financial Question Answering, Text…

Computation and Language · Computer Science 2025-07-14 Prudence Djagba , Chimezie A. Odinakachukwu

With the rapid growth of fintech, personalized financial product recommendations have become increasingly important. Traditional methods like collaborative filtering or content-based models often fail to capture users' latent preferences…

Information Retrieval · Computer Science 2025-06-09 Yushang Zhao , Yike Peng , Dannier Li , Yuxin Yang , Chengrui Zhou , Jing Dong

The purpose of this study is to estimate the correlation structure between multiple assets using financial text analysis. In recent years, as the background of elevating inflation in the global economy and monetary policy tightening by…

Computation and Language · Computer Science 2024-05-24 Yasuhiro Nakayama , Tomochika Sawaki , Issei Furuya , Shunsuke Tamura

This study introduces a framework for evaluating consistency in large language model (LLM) binary text classification, addressing the lack of established reliability assessment methods. Adapting psychometric principles, we determine sample…

Computation and Language · Computer Science 2025-12-23 Fadel M. Megahed , Ying-Ju Chen , L. Allision Jones-Farmer , Younghwa Lee , Jiawei Brooke Wang , Inez M. Zwetsloot

Recent advancements in Large Language Models (LLMs) have the potential to transform financial analytics by integrating numerical and textual data. However, challenges such as insufficient context when fusing multimodal information and the…

Computational Finance · Quantitative Finance 2024-11-14 Hoyoung Lee , Youngsoo Choi , Yuhee Kwon

This study provides the first comprehensive assessment of consistency and reproducibility in Large Language Model (LLM) outputs in finance and accounting research. We evaluate how consistently LLMs produce outputs given identical inputs…

General Finance · Quantitative Finance 2025-09-16 Julian Junyan Wang , Victor Xiaoqi Wang

Large Language Models have emerged as prime candidates to tackle misinformation mitigation. However, existing approaches struggle with hallucinations and overconfident predictions. We propose an uncertainty quantification framework that…

Computation and Language · Computer Science 2024-02-01 Mauricio Rivera , Jean-François Godbout , Reihaneh Rabbany , Kellin Pelrine

Language Models (LMs) have demonstrated impressive capabilities with core Natural Language Processing (NLP) tasks. The effectiveness of LMs for highly specialized knowledge-intensive tasks in finance remains difficult to assess due to major…

Computation and Language · Computer Science 2025-06-23 Glenn Matlin , Mika Okamoto , Huzaifa Pardawala , Yang Yang , Sudheer Chava