# Financial Sentiment Analysis: Leveraging Actual and Synthetic Data for Supervised Fine-tuning

arXiv: https://arxiv.org/abs/2412.09859 · HTML: https://mlsanity.com/paper/2412.09859/

## Key facts

- Cited by 1 papers in the map (data through 14 Oct 2026).
- Builds on 7 of its 32 references that are in the map.
- First posted on arXiv 13 Dec 2024.

## Builds on (most cited first, 7 of 7)

- [LLaMA: Open and Efficient Foundation Language Models](https://mlsanity.com/paper/2302.13971/) (2023)
- [BloombergGPT: A Large Language Model for Finance](https://mlsanity.com/paper/2303.17564/) (2023)
- [FinBERT: Financial Sentiment Analysis with Pre-trained Language Models](https://mlsanity.com/paper/1908.10063/) (2019)
- [Does Synthetic Data Generation of LLMs Help Clinical Text Mining?](https://mlsanity.com/paper/2303.04360/) (2023)
- [AugGPT: Leveraging ChatGPT for Text Data Augmentation](https://mlsanity.com/paper/2302.13007/) (2023)
- [FinGPT: Democratizing Internet-scale Data for Financial Large Language Models](https://mlsanity.com/paper/2307.10485/) (2023)
- [Instruct-FinGPT: Financial Sentiment Analysis by Instruction Tuning of General-Purpose Large Language Models](https://mlsanity.com/paper/2306.12659/) (2023)

## Built on by (most cited first, 1 of 1)

- [A three-step machine learning approach to predict market bubbles with financial news](https://mlsanity.com/paper/2510.16636/) (2025)

## Abstract (arXiv)

The Efficient Market Hypothesis (EMH) highlights the essence of financial news in stock price movement. Financial news comes in the form of corporate announcements, news titles, and other forms of digital text. The generation of insights from financial news can be done with sentiment analysis. General-purpose language models are too general for sentiment analysis in finance. Curated labeled data for fine-tuning general-purpose language models are scare, and existing fine-tuned models for sentiment analysis in finance do not capture the maximum context width. We hypothesize that using actual and synthetic data can improve performance. We introduce BertNSP-finance to concatenate shorter financial sentences into longer financial sentences, and finbert-lc to determine sentiment from digital text. The results show improved performance on the accuracy and the f1 score for the financial phrasebank data with 50% and 100% agreement levels.