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Related papers: FinLLM-B: When Large Language Models Meet Financia…

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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

Recent advances in large language models (LLMs) have unlocked novel opportunities for machine learning applications in the financial domain. These models have demonstrated remarkable capabilities in understanding context, processing vast…

General Finance · Quantitative Finance 2024-06-19 Yuqi Nie , Yaxuan Kong , Xiaowen Dong , John M. Mulvey , H. Vincent Poor , Qingsong Wen , Stefan Zohren

In recent years, general-purpose large language models (LLMs) such as GPT, Gemini, Claude, and DeepSeek have advanced at an unprecedented pace. Despite these achievements, their application to finance remains challenging, due to fragmented…

We present a new financial domain large language model, InvestLM, tuned on LLaMA-65B (Touvron et al., 2023), using a carefully curated instruction dataset related to financial investment. Inspired by less-is-more-for-alignment (Zhou et al.,…

General Finance · Quantitative Finance 2023-09-27 Yi Yang , Yixuan Tang , Kar Yan Tam

Recently, many works have proposed various financial large language models (FinLLMs) by pre-training from scratch or fine-tuning open-sourced LLMs on financial corpora. However, existing FinLLMs exhibit unsatisfactory performance in…

Computational Engineering, Finance, and Science · Computer Science 2024-05-02 Huan-Yi Su , Ke Wu , Yu-Hao Huang , Wu-Jun Li

The stock price prediction task holds a significant role in the financial domain and has been studied for a long time. Recently, large language models (LLMs) have brought new ways to improve these predictions. While recent financial large…

Statistical Finance · Quantitative Finance 2024-09-16 Shengkun Wang , Taoran Ji , Linhan Wang , Yanshen Sun , Shang-Ching Liu , Amit Kumar , Chang-Tien Lu

Large Language Models (LLMs) exhibit considerable promise in financial applications; however, prevailing models frequently demonstrate limitations when confronted with scenarios that necessitate sophisticated reasoning capabilities,…

Computation and Language · Computer Science 2025-07-29 Yanjun Zheng , Xiyang Du , Longfei Liao , Xiaoke Zhao , Zhaowen Zhou , Jingze Song , Bo Zhang , Jiawei Liu , Xiang Qi , Zhe Li , Zhiqiang Zhang , Wei Wang , Peng Zhang

Large language models are reshaping quantitative investing by turning unstructured financial information into evidence-grounded signals and executable decisions. This survey synthesizes research with a focus on equity return prediction and…

Portfolio Management · Quantitative Finance 2025-10-08 Weilong Fu

Large language models (LLMs) are increasingly deployed in quantitative finance for stock price forecasting. This review synthesizes recent applications of LLMs in this domain, including extracting sentiment from financial news and social…

Pricing of Securities · Quantitative Finance 2026-05-08 Olivia Zhang , Zhilin Zhang

Although powerful, current cutting-edge LLMs may not fulfil the needs of highly specialised sectors. We introduce KodeXv0.1, a family of large language models that outclass GPT-4 in financial question answering. We utilise the base variants…

Computation and Language · Computer Science 2024-09-24 Neel Rajani , Lilli Kiessling , Aleksandr Ogaltsov , Claus Lang

Even though large language models are becoming increasingly capable, it is still unreasonable to expect them to excel at tasks that are under-represented on the Internet. Leveraging LLMs for specialized applications, particularly in niche…

Machine Learning · Computer Science 2025-08-18 Brendan R. Hogan , Will Brown , Adel Boyarsky , Anderson Schneider , Yuriy Nevmyvaka

Quantitative backtesting is essential for evaluating trading strategies but remains hampered by high technical barriers and limited scalability. While Large Language Models (LLMs) offer a transformative path to automate this complex,…

Computation and Language · Computer Science 2026-05-26 Zhensheng Wang , Wenmian Yang , Qingtai Wu , Lequan Ma , Yiquan Zhang , Weijia Jia

New medical treatment development requires multiple phases of clinical trials. Despite the significant human and financial costs of bringing a drug to market, less than 20% of drugs in testing will make it from the first phase to final…

Computation and Language · Computer Science 2024-08-21 Michael Reinisch , Jianfeng He , Chenxi Liao , Sauleh Ahmad Siddiqui , Bei Xiao

Developing professional, structured reasoning on par with human financial analysts and traders remains a central challenge in AI for finance, where markets demand interpretability and trust. Traditional time-series models lack…

Trading and Market Microstructure · Quantitative Finance 2025-09-16 Yijia Xiao , Edward Sun , Tong Chen , Fang Wu , Di Luo , Wei Wang

Frozen large language model (LLM) checkpoints extract information from pre-cutoff public text that is associated with future fundamentals and equity returns beyond standard contemporaneous valuation measures. Because each frozen checkpoint…

General Finance · Quantitative Finance 2026-04-24 Sebastian Lehner , Alejandro Lopez-Lira

The integration of Artificial Intelligence (AI) in the financial domain has opened new avenues for quantitative trading, particularly through the use of Large Language Models (LLMs). However, the challenge of effectively synthesizing…

Artificial Intelligence · Computer Science 2025-05-14 Qianggang Ding , Haochen Shi , Jiadong Guo , Bang Liu

The use of Large Language Models (LLMs) in mathematical reasoning has become a cornerstone of related research, demonstrating the intelligence of these models and enabling potential practical applications through their advanced performance,…

Computation and Language · Computer Science 2024-12-20 Kathrin Seßler , Yao Rong , Emek Gözlüklü , Enkelejda Kasneci

Evaluating Large Language Models (LLMs) in open-ended scenarios is challenging because existing benchmarks and metrics can not measure them comprehensively. To address this problem, we propose to fine-tune LLMs as scalable judges (JudgeLM)…

Computation and Language · Computer Science 2025-03-04 Lianghui Zhu , Xinggang Wang , Xinlong Wang

Large Language Models (LLMs) hold immense promise for revolutionizing financial analysis and decision-making, yet their direct application is often hampered by issues of data hallucination and lack of access to real-time, verifiable…

Computational Engineering, Finance, and Science · Computer Science 2025-06-13 Yifan Zeng

The application of Large Language Models (LLMs) in software engineering, particularly in static analysis tasks, represents a paradigm shift in the field. In this paper, we investigate the role that current LLMs can play in improving…

Software Engineering · Computer Science 2024-02-28 Ashwin Prasad Shivarpatna Venkatesh , Samkutty Sabu , Amir M. Mir , Sofia Reis , Eric Bodden