Skip to content


Repository files navigation

FinBERT: Financial Sentiment Analysis with BERT

FinBERT sentiment analysis model is now available on Hugging Face model hub. You can get the model here.

FinBERT is a pre-trained NLP model to analyze sentiment of financial text. It is built by further training the BERT language model in the finance domain, using a large financial corpus and thereby fine-tuning it for financial sentiment classification. For the details, please see FinBERT: Financial Sentiment Analysis with Pre-trained Language Models.

Important Note: FinBERT implementation relies on Hugging Face's pytorch_pretrained_bert library and their implementation of BERT for sequence classification tasks. pytorch_pretrained_bert is an earlier version of the transformers library. It is on the top of our priority to migrate the code for FinBERT to transformers in the near future.


Install the dependencies by creating the Conda environment finbert from the given environment.yml file and activating it.

conda env create -f environment.yml
conda activate finbert


FinBERT sentiment analysis model is now available on Hugging Face model hub. You can get the model here.

Or, you can download the models from the links below:

For both of these model, the workflow should be like this:

  • Create a directory for the model. For example: models/sentiment/<model directory name>
  • Download the model and put it into the directory you just created.
  • Put a copy of config.json in this same directory.
  • Call the model with .from_pretrained(<model directory name>)


There are two datasets used for FinBERT. The language model further training is done on a subset of Reuters TRC2 dataset. This dataset is not public, but researchers can apply for access here.

For the sentiment analysis, we used Financial PhraseBank from Malo et al. (2014). The dataset can be downloaded from this link. If you want to train the model on the same dataset, after downloading it, you should create three files under the data/sentiment_data folder as train.csv, validation.csv, test.csv. To create these files, do the following steps:

  • Download the Financial PhraseBank from the above link.
  • Get the path of Sentences_50Agree.txt file in the FinancialPhraseBank-v1.0 zip.
  • Run the datasets script: python scripts/ --data_path <path to Sentences_50Agree.txt>

Training the model

Training is done in finbert_training.ipynb notebook. The trained model will be saved to models/classifier_model/finbert-sentiment. You can find the training parameters in the notebook as follows:

config = Config(   data_dir=cl_data_path,
                   max_seq_length = 64,
                   train_batch_size = 32,
                   learning_rate = 2e-5,
                   gradual_unfreeze=True )

The last two parameters discriminate and gradual_unfreeze determine whether to apply the corresponding technique against catastrophic forgetting.

Getting predictions

We provide a script to quickly get sentiment predictions using FinBERT. Given a .txt file, produces a .csv file including the sentences in the text, corresponding softmax probabilities for three labels, actual prediction and sentiment score (which is calculated with: probability of positive - probability of negative).

Here's an example with the provided example text: test.txt. From the command line, simply run:

python --text_path test.txt --output_dir output/ --model_path models/classifier_model/finbert-sentiment


This is not an official Prosus product. It is the outcome of an intern research project in Prosus AI team.

About Prosus

Prosus is a global consumer internet group and one of the largest technology investors in the world. Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities. For more information, please visit

Contact information

Please contact Dogu Araci dogu.araci[at]prosus[dot]com and Zulkuf Genc zulkuf.genc[at]prosus[dot]com about any FinBERT related issues and questions.