Chime to Buy Stride Bank for $590 Million and Bring Banking In-House
Stride becomes Chime Bank, N.A. $100M+ synergies expected. Immediately accretive. Closes H1 2027.
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Stride becomes Chime Bank, N.A. $100M+ synergies expected. Immediately accretive. Closes H1 2027.
Goldman Sachs upgrades Chime to Buy with a $27 price target, citing strong take-rate potential from the new Chime Card and revenue diversification strategy.