AI Research, JPMorganChase, 2026

Deep FinResearch Bench

Scores equity research reports from deep-research agents against professional analyst reports on three axes: qualitative rigour, forecast and valuation accuracy (SMAPE, target-price hit rate, recommendation direction), and how credible and verifiable each claim is.

Best reported

86

OpenAIOpenAI

overall factual claim rate %

Reported by the authors, 22 Apr 2026

About this benchmark

Size
100 professional reports covering 25 S&P 500 companies (FY2025 Q1-Q2), each paired with an AI-generated report
Public split
none (the paper links no data or code; the professional reports came from a paid Yahoo Finance subscription)
Grading
Automated. GPT-5 extracts claims, GPT-4.1 checks each against the cited page, and each claim ends up factual, hallucinated or non-verifiable. A GPT-5 judge gives 1-4 rubric scores, and forecasts are scored on SMAPE, hit rate and directional accuracy.
Licence
Not stated
Submission
none
Products allowed
Yes
Latest version
arXiv v1 (2026-04-22)
What it does not cover
No public data or harness. Covers only 25 large-cap US names in IT, financials and health care, over two quarters.

Results

4 models
Leaderboard

Each score shows who reported it: the benchmark's authors (quoted from their paper), the benchmark's official board, or Moneda (run with the benchmark's own grader and rules). We do not copy other aggregators.

Deep FinResearch Bench arXiv v1 (2026-04-22)

overall factual claim rate %, higher is better. 4 models.

Updated 22 Apr 2026

  1. OpenAI86
  2. Perplexity75.6
  3. Gemini69.6
  4. Grok53.2

Deep FinResearch Bench arXiv v1 (2026-04-22)

overall factual claim rate %, higher is better. 4 models.

Updated 22 Apr 2026

  1. 1OpenAI86
  2. 2Perplexity75.6
  3. 3Gemini69.6
  4. 4Grok53.2
Deep FinResearch Bench leaderboard (overall factual claim rate %, higher is better)
1OpenAIOpenAI86OpenAI DR (GPT-o3), Firm A-structured reportsPaper Table 7
Reported by the authors, 22 Apr 2026
2PerplexityPerplexity75.6Perplexity DR (Sonar Reasoning), Firm A-structured reportsPaper Table 7
Reported by the authors, 22 Apr 2026
3GeminiGoogle69.6Gemini DR (Gemini 2.5 Pro), Firm A-structured reportsPaper Table 7
Reported by the authors, 22 Apr 2026
4GrokxAI53.2Grok DR (Grok 4), Firm A-structured reportsPaper Table 7
Reported by the authors, 22 Apr 2026

Deep FinResearch Bench arXiv v1 (2026-04-22)

qualitative overall (1-4, GPT-5 judge), higher is better. 4 models.

Updated 22 Apr 2026

  1. Gemini2.3
  2. Perplexity2.1
  3. Grok2.0
  4. OpenAI2.0

Deep FinResearch Bench arXiv v1 (2026-04-22)

qualitative overall (1-4, GPT-5 judge), higher is better. 4 models.

Updated 22 Apr 2026

  1. 1Gemini2.3
  2. 2Perplexity2.1
  3. 3Grok2.0
  4. 3OpenAI2.0
Deep FinResearch Bench leaderboard (qualitative overall (1-4, GPT-5 judge), higher is better)
1GeminiGoogle2.3DefaultPaper Table 3
Reported by the authors, 22 Apr 2026
2PerplexityPerplexity2.1DefaultPaper Table 3
Reported by the authors, 22 Apr 2026
3GrokxAI2.0DefaultPaper Table 3
Reported by the authors, 22 Apr 2026
3OpenAIOpenAI2.0DefaultPaper Table 3
Reported by the authors, 22 Apr 2026

Last checked 1 Nov 2026. Something out of date or wrong? Send a correction.