The Fidelity community choice finance engine, which has gained a lot of attention over the past year, has been a huge contributor to the firm’s revenue, as well as its market capitalization.
The company’s market capitalisation now stands at $1.4 trillion.
The firm also owns more than 50% of the digital-only Fidelity Alternative Investment Company, which invests in mutual funds.
Fidelity’s stock was trading at $41.87 per share on Monday, up 10% from a year ago.
It has also seen strong revenue growth over the last few quarters.
The Fiduciary’s stock has increased more than 40% over the same period.
The share price rose by $4.10 on Tuesday, from $39.10 per share.