CHYM jumps premarket on $590M deal to buy Stride Bank
Chime Financial (CHYM) rose premarket after agreeing to acquire Stride Bank in a $590 million deal, prompting renewed Wall Street optimism and target-price raises citing a “long runway” for growth.
Chime Financial (CHYM) is making a $590 million bet that the fastest way to become a bigger bank is to own one. The fintech company’s agreement to acquire longtime partner Stride Bank has triggered a fresh wave of Wall Street optimism, with Barclays, Keybanc, Morgan Stanley among others raising the…