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Chime Financial Stock Signals Breakout On Fintech’s Guidance, Stride Takeover

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Chime Financial raised third-quarter and full-year guidance while also agreeing to buy nationally chartered bank Stride. Chime Financial stock jumped overnight, signaling a breakout. The mobile banking firm now sees third-quarter revenue of $705 million vs. a prior target of $680 million-$690 million. It sees full-year revenue at $2.76 billion-$2.77 billion vs. its previous goal of $2.725 billion-$2.745 billion. Both…

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