Shares of Chime Financial Inc. (NASDAQ:CHYM) are trading lower Thursday afternoon, giving back recent gains as investors took profits following a multi-day rally sparked by major strategic acquisition news.
Chime Financial shares are sliding. Why is CHYM stock falling?
$590 Million Stride Bank Acquisition Expands Platform Capabilities
The profit-taking follows Chime’s announcement on Tuesday, that it agreed to acquire its longtime sponsor bank partner, Stride Bank N.A., for $590 million in cash. Upon closing, the transaction will convert the nationally chartered institution into a wholly owned subsidiary renamed Chime Bank N.A., providing a vertically integrated banking stack.
Underlining the deal’s strategic impact, Chime raised its full-year 2026 revenue guidance to between $2.70 billion and $2.77 billion while projecting more than $100 million in annual net synergies.
