NEW YORK, May 12, 2020 /PRNewswire/ — AlphaSense, the market information search engine, has partnered with leading financial institutions to provide business professionals with access to the world’s most respected equity research. Through partnerships with Bank of America, Morgan Stanley, Barclays, Deutsche Bank, Evercore ISI, HSBC, Sanford Bernsteinand others, AlphaSense will launch Wall Street Outlooka unique research collection that offers companies unprecedented access to a vast pool of information from thousands of expert analysts.
Equity research, a multi-billion dollar business for Wall Street, is produced by thousands of analysts worldwide to provide the market with valuable expertise on companies, industries and market trends. . Today, more than 90% of equity research is consumed by fund managers, who have the resources to acquire it and the bandwidth of analysts to mine it for information. For business strategy professionals without this access, however, equity research has always been difficult to obtain and navigate.
To help businesses overcome these challenges, AlphaSense introduces Wall Street Insights, the first and only stock research collection designed specifically for the corporate user. With the AlphaSense platform, any business developing strategic plans or product decisions, conducting competitive analysis, evaluating mergers and acquisitions, or engaging in investor relations can now leverage the deep expertise of the sector of the best Wall Street analysts.
“AlphaSense has developed truly revolutionary AI and NLP technology to meet the challenge of information discovery,” says Candice Browning, head of global research at Bank of America. “We chose AlphaSense as our partner for the enterprise market because we believe it is the best solution for businesses to benefit from the breadth and depth of our research.”
Today, more than 1,000 enterprise customers, including more than 500 public companies and half of the S&P 100, rely on AlphaSense to power data-driven decision making. Enterprise users are typically knowledge professionals who work in departments focused on corporate strategy, corporate development, financial planning, and investor relations, among others.
“We are thrilled to partner with AlphaSense to expand access to Morgan Stanley Research,” says Simon bound, global head of research at Morgan Stanley. “It is clear that there is a demand for highly specialized research on stocks, industry and macroeconomics among the corporate public. We believe that the deep expertise of our global analysts will improve strategic decision-making within companies in all sectors.
In addition to the equity research partnerships announced today, AlphaSense provides access to more than 100 million documents, including SEC filings, earnings call transcripts, private company data, newspapers and trade journals, as well as regional and industry research, all aggregated from more than 10,000 sources. The company’s proprietary AI-powered semantic search platform, which captures variations in human language and accurately recognizes millions of business and financial terms and their synonyms, enables business users to search across of the collection in seconds.
Founded in 2011, AlphaSense recently secured $50 million in a Series B funding led by Innovation Endeavors, the investment firm founded by the former Google CEO Eric Schmidt, with the participation of Soros Fund Management. In 2019, AlphaSense surpassed 1,000 corporate customers and 300 employees across its offices in the US, UK, Finlandand India.
AlphaSense is a business information search engine that is transforming the way decisions are made by the world’s leading corporations and financial institutions. Leveraging AI and NLP technology, AlphaSense enables knowledge professionals to extract insights in seconds from thousands of previously disparate business data sources, including company filings, event transcripts, news and trade journals and stock research. Founded in 2011 and backed by investors such as Innovation Endeavors and Soros Fund Management, AlphaSense is on a mission to empower organizations to make data-driven decisions with confidence. To learn more, please visit www.alpha-sense.com.
About Bank of America
Bank of America is one of the world’s leading financial institutions, serving individuals, small and medium-sized businesses, and large corporations with a full range of banking, investment, asset management, and banking products and services. other financial and risk management products and services. The company offers unparalleled convenience in United States, serving approximately 66 million retail and small business customers with approximately 4,300 retail financial centers, including approximately 3,000 lending centers, 2,700 financial centers with a consumer financial solutions advisor and approximately 2,100 business; approximately 16,900 ATMs; and award-winning digital banking with around 39 million active users, including around 30 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving businesses, governments, institutions and individuals worldwide. whole world. Bank of America provides industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves its customers through operations across United States, its territories and about 35 countries. Bank of America Corporation (NYSE: BAC) shares are listed on the New York Stock Exchange.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services company providing investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the company’s employees serve customers around the world, including businesses, governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.
Contact: Christine Magee818-281-6314, [email protected]