We examine the effects the Chartered Financial Analyst (CFA) designation program has on recommendation performance and career outcomes of the analysts who complete the curriculum and become charterholders. For these analysts, both their recommendation performance and their chances of making the...

Using Bloomberg’s daily Twitter Sentiment data for S&P500 firms, we show that Twitter information reduces forecast optimism and improves forecast accuracy of sell-side equity analysts. Negative Twitter information is more influential, and this effect is distinct from the impact of news. Using...