Wealthfront shares surge after earnings beat and $100 billion-asset milestone
The reported earnings beat and the $100 billion-asset milestone provide confirmed performance markers that can shift investor sentiment toward Wealthfront.
Wealthfront said Wednesday afternoon that its quarterly results beat Wall Street estimates, supporting its effort to show it is more than a robo-advisor. The company also said it is gaining more business from both existing customers and new customers. Shares of Wealthfront jumped after the report.