CHYM Stock Rises Premarket After $590M Stride Deal: Wall Street Hikes Target Price, Sees ‘Long Runway’ For Growth
Chime is turning its longtime banking partner into its own subsidiary, spending $590M to buy Stride Bank and secure a national charter. Chime is taking full control by purchasing Stride outright for $590M in cash, with the bank set to operate under the Chime name once regulators sign off, expected sometime in the first half … Read more