The global banking & payments industry experienced a 53% drop in company filings mentions of social media in Q4 2023 compared with the previous quarter, with the highest share accounted for by Coinbase Global with 67% year-on-year increase, according to GlobalData’s analysis of over 114 banking & payments company filings. GlobalData’s Banking & Payments: Filings Trends & Signals Q4 2023 report delves into earnings call transcripts and quarterly reports within the industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
Notably, social media was one of the most frequently referenced themes in Q4 2023, ranking highest in terms of mentions, ahead of cybersecurity and electric vehicles, according to GlobalData.
Of the top leading companies in the banking & payments industry, Coinbase Global had the greatest increase in references for social media in Q4 2023, compared with the previous quarter. GlobalData identified five social media-related sentences in the company's filings - 0.2% of all sentences - and an increase of 67% in Q4 2023 compared with Q4 2022. Visa’s mentions of social media rose by 33% to 4 and Raymond James Financial’s by 200% to 3 and Rocket’s by 50% to 3 and Bank of America’s by 80% to 2.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for social media in Q4 2023 was 71.
For further understanding of GlobalData's Banking & Payments: Filings Trends & Signals Q4 2023, buy the report here.
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