Why Wealthfront Stock Dropped Today
The Motley Fool·2026-01-14 01:13
Lower interest rates are weighing on the fintech leader's growth.Shares of Wealthfront (Nasdaq: WLTH) sank on Tuesday after the tech-powered financial services provider reported a downturn in its customer deposits. By the close of trading, Wealthfront's stock price had fallen more than 16%. Assets fuel Wealthfront's earnings growthTotal assets on Wealthfront's platform jumped 21% year over year to $92.8 billion in the quarter ended Oct. 31. The gains were driven by a 20% rise in funded client accounts to 1 ...