Chime Financial Buys Stride Bank for $590 Million, Lifts Q3 and Full-Year Outlook
Updated
Updated · CNBC · Sep 8
Chime Financial Buys Stride Bank for $590 Million, Lifts Q3 and Full-Year Outlook
3 articles · Updated · CNBC · Sep 8
Summary
Chime Financial agreed to acquire Stride Bank for $590 million in cash, a deal disclosed alongside stronger guidance for the third quarter and full year.
Nearly 10% after-hours gains in Chime shares suggested investors focused on the combination of the bank purchase and the company’s upbeat outlook.
The announcement stood out in a mixed after-hours session, with ServiceTitan falling 19%, Casey’s General Stores dropping 10% and Braze sliding nearly 10% after weaker guidance.
Mission Produce rose 7.5% and InnovAge gained 11% on stronger results or outlooks, underscoring how guidance and deal news drove the session’s biggest stock moves.