Enhancing Financial News Sentiment Analysis Using Natural Language Processing Techniques

Published Date: June 14, 2024
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Abstract

This research examines the use of Natural Language Processing (NLP) for sentiment analysis of financial news and its potential applications in the financial industry. The study focuses on how NLP can be utilized in the banking sector to analyze financial news articles. A comprehensive literature review is conducted to highlight the limitations and issues of NLP-based sentiment analysis. The study includes case studies of financial organizations and academic institutions that have successfully used NLP to analyze the emotional content of financial news, detailing both results and obstacles encountered. Recent advancements in NLP, such as deep learning, are explored to address the limitations of traditional techniques, especially when financial news is nuanced and open to multiple interpretations. The study also covers the trend of monitoring social media for financial sentiment research, emphasizing its potential to provide real-time insights into public sentiment about financial products or firms. The findings suggest that NLP can significantly improve the efficiency and precision of financial news sentiment analysis, although further research and development are necessary to overcome existing limitations and enhance accuracy.

Published in Abstract Book of the GLOBAL CONFLUENCE OF MANAGEMENT HORIZONS
Page(s) 38-38
Creative Commons

This is an Open Access abstract, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Natural Language Processing, Financial News, Sentiment Analysis, Deep Learning, Financial Markets, Social Media, Real-Time Analysis, Machine Learning