Augmenting Fundamental Analysis with Large Language Models: A RAG-Based System for Generating Investor Briefs

In this study, we examine the opportunities brought by Large Language Models (LLMs) to various aspects of fundamental analysis of companies based on their reports as well as data and documents describing macroeconomic situation like GDP and inflation changes as well as documents filled to the U.S. Securities and Exchange Commission (SEC) which can be found in EDGAR. We were preprocessing those data and than sending via API to gpt-4o model in a Retrieval-Augmented Generation (RAG) like regime. We prepared as well a document describing an exemplar investor knowledge based on Kitchin cycles. We were scanning data important for analysis of 9 companies for 4 weeks. Using LLM we were producing automatic briefs about them. They were sent to nine participants who are individual investors to evaluate usefulness of such approach to data analysis.

LLM-Based Examination of Eligibility Criteria from Securities Prospectuses at the German Central Bank

Verifying the eligibility of securities as collateral is a key responsibility of the German Central Bank. However, manually verifying these assets against legal and financial criteria within lengthy, semi-structured, and often bilingual prospectuses is a resource-intensive task. While previous efforts utilized traditional Named Entity Recognition (NER) for information extraction, these methods can struggle with OCR noise, linguistic variance, and rigid span-based constraints, and the need for manually annotated training data for each relevant annotation type. In this paper, we present the first case study applying Large Language Models (LLMs) to the eligibility examination process, shifting the paradigm toward a generative Information Extraction pipeline. Our approach decomposes the task into extraction, normalization, and interpretation, allowing for greater flexibility in handling noisy text and interleaved German-English content. We further introduce a value-based evaluation methodology using LLM-as-a-judge, which offers a more semantic assessment than location-based metrics. Our results demonstrate that LLM-based systems achieve high precision (up to 91%) in document-level eligibility, exhibiting a conservative operating profile that minimizes false acceptance.

Are Large Language Models Reliable Reviewers? A Benchmark for Error Detection in Financial Documents

Ensuring the accuracy of financial documents is critical for economic analysis, regulatory compliance, and corporate decision-making. Several studies have shown that Large Language Models (LLMs) perform well in many financial tasks, such as stock price movements and financial analytics. However, a critical task remains unexplored: the ability of LLMs to identify errors in financial documents. In this paper, we introduce \textbf{FinED-Bench}, the first publicly \textbf{Bench}mark for \textbf{Fin}ancial \textbf{E}rror \textbf{D}etection across three levels of cognitive complexity. FinED-Bench covers nine real-world financial scenarios, and includes over 900 documents reported in 2025 that are unseen by existing language models. We detail the benchmark construction process and evaluate several advanced LLMs (e.g., GPT-4o, Qwen3-14B) on this tasks, which requires both financial domain knowledge and reasoning capabilities. Experimental results show that current LLMs still struggle with this task, especially in high-complexity cases. Besides, supervised fine-tuning can significantly improve the performance of weaker LLMs on this task. Our data and code are available at https://github.com/hedyHe/FinED-Bench.