3 ms·

Actually, does anyone know where an amateur could buy/download quarterly balance sheets/income statements for the broad stock market universe?

sjbase 10y ago
Most professionals I've known use Capital IQ, which is expensive. It's surprisingly tough to get broad, machine-readable market data for free but there are some cheaper options. Check this thread: https://www.reddit.com/r/SecurityAnalysis/comments/2ci5du/capital_iq_v_factset_v_bloomberg/ https://www.reddit.com/r/SecurityAnalysis/comments/2ci5du/ca... Or you could always scrape Yahoo Finance :)
- unknown_apostle 10y ago
  Yeah but you don't want to spend most of your time writing and maintaining scraping code :-)
  - sjbase 10y ago
    Yep, therein lies the classic problem: if you want something of value, you can either spend your time or spend your money.
rmah 10y ago
All US public company quarterly financial reports (and much more) are available in raw form at the SEC EDGAR site (https://www.sec.gov/edgar/searchedgar/companysearch.html https://www.sec.gov/edgar/searchedgar/companysearch.html). Those reports income statements, balance sheets, etc. But beware that companies will often file corrections later. In addition, nearly all finance sites provide summaries of these reports for at least the last few quarters and last few annual reports. I like morningstar.com. But finance.yahoo.com and finance.google.com both work fine. If you want a bunch in one shot and don't have the money for Bloomberg or CapitalIQ or whatever, I suggest quandl.com, which acts as a cut-rate data aggregator for financial data.
- unknown_apostle 10y ago
  Thanks, quandl looks interesting. API and what not. Getting a few fundamental datasets probably costs less than subscribing to a couple of investment newsletters.
- osullivj 10y ago
  Also tiingo.com
cponeill 10y ago
You could always use Yahoo Finance or Marketwatch for a quick overview of the financial statements of publicly traded companies.

sjbase 10y ago

Most professionals I've known use Capital IQ, which is expensive. It's surprisingly tough to get broad, machine-readable market data for free but there are some cheaper options. Check this thread: https://www.reddit.com/r/SecurityAnalysis/comments/2ci5du/capital_iq_v_factset_v_bloomberg/ https://www.reddit.com/r/SecurityAnalysis/comments/2ci5du/ca... Or you could always scrape Yahoo Finance :)

unknown_apostle 10y ago
Yeah but you don't want to spend most of your time writing and maintaining scraping code :-)
- sjbase 10y ago
  Yep, therein lies the classic problem: if you want something of value, you can either spend your time or spend your money.

rmah 10y ago

All US public company quarterly financial reports (and much more) are available in raw form at the SEC EDGAR site (https://www.sec.gov/edgar/searchedgar/companysearch.html https://www.sec.gov/edgar/searchedgar/companysearch.html). Those reports income statements, balance sheets, etc. But beware that companies will often file corrections later. In addition, nearly all finance sites provide summaries of these reports for at least the last few quarters and last few annual reports. I like morningstar.com. But finance.yahoo.com and finance.google.com both work fine. If you want a bunch in one shot and don't have the money for Bloomberg or CapitalIQ or whatever, I suggest quandl.com, which acts as a cut-rate data aggregator for financial data.

unknown_apostle 10y ago
Thanks, quandl looks interesting. API and what not. Getting a few fundamental datasets probably costs less than subscribing to a couple of investment newsletters.
osullivj 10y ago
Also tiingo.com

cponeill 10y ago

You could always use Yahoo Finance or Marketwatch for a quick overview of the financial statements of publicly traded companies.