Chime Stock Soars Nearly 10% After Agreeing to Buy Longtime Banking Partner Stride for $590 Million
Chime Financial shares jumped nearly 10% after-hours Tuesday after agreeing to acquire its longtime banking partner, Stride Bank.
Chime agreed to buy a bank partner that helps it run, and investors got excited—the stock jumped up. When companies buy other companies, watch if it helps them work better and serve customers, or if it costs too much money.
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