🟢 Chime Financial is trading 9% up in after-hours trading after announcing $590 million Stride Bank acquisition

Chime Financial is trading 9.47% up now at $35.37 after announcing a definitive agreement to acquire Stride Bank for $590 million in cash.

• Stride would become a wholly owned subsidiary, renamed Chime Bank, giving Chime direct ownership of its banking infrastructure.
• The deal is expected to close in the first half of 2027, pending regulatory approvals; Stride has partnered with Chime for more than seven years.
• The broader market was risk-off, making the company-specific catalyst especially significant.