Summary
Chime Finds Its Stride With a $590M Deal That Could Reshape Its Banking Model
Chime Financial TodayCHYMChime Financial$32.67 -1.88 (-5.44%) As of 09/10/2026 04:00 PM Eastern52-Week Range$15.88▼$35.55Price Target$35.00Add to WatchlistFor years, financial technology platforms operated with a structural vulnerability: they relied on third-party chartered banks to hold deposits and clear transactions. That software-wrapper era is drawing to a close.
Chime Financial stock jumps after Stride Bank deal; upside of up to 40% seen
Chime shares CHYM surged 9% before the bell on Wednesday after the fintech company agreed to acquire Stride Bank for $590 million, a move that would give it a national bank charter and greater control over its lending business. The deal, announced late Tuesday, marks a significant step in Chime's effort to compete more directly with traditional banks.
Wall Street Breakfast Podcast: Chime Finds Its Stride
Chime Financial (CHYM) will acquire Stride for $590M in cash, aiming for immediate EPS accretion and further upside. Grand Theft Auto 6's launch is a major videogame catalyst.
Stride, Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Curtis Ellergodt Rothschild Investment LLC | 61 | $6,776.11 | $5,035.55 | -$1,740.56 | -25.69% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 9,628 | $830,320 | $794,791.4 | -$35,528.6 | -4.28% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 4 | $466.72 | $330.2 | -$136.52 | -29.25% |
| NA Nizar Araji National Bank Of Canada /FI/ | 582 | $50,450.3 | $48,410.76 | -$2,039.54 | -4.04% |
| SN Stephanie Nee HARBOR CAPITAL ADVISORS Inc. | 244 | $28,812.04 | $20,144.64 | -$8,667.4 | -30.08% |
Stride, Inc. (LRN) FAQ
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Stride, Inc. Profile
| Diversified Consumer Services Industry | Consumer Discretionary Sector | Robert E. Knowling CEO | NYSE Exchange | 86333M108 CUSIP |
| US Country | 9,200 Employees | - Last Dividend | - Last Split | 13 Dec 2007 IPO Date |
Overview
Stride, Inc. is a leading technology-based education service company that offers innovative and comprehensive solutions aimed at enhancing individualized learning for students from kindergarten through 12th grade (K-12), both in the United States and internationally. Initially founded as K12 Inc. in 2000 and rebranded to Stride, Inc. in December 2020, its headquarters are located in Reston, Virginia. The core mission of Stride, Inc. revolves around leveraging technology to provide proprietary and third-party online curriculum, software systems, and educational services. These offerings are designed to support the educational journey of students by facilitating personalized learning experiences, monitoring progress, and ensuring substantial support. The company caters to a wide range of clients including public and private schools, school districts, charter boards, consumers, employers, as well as government agencies.
Products and Services
Stride, Inc. has established a comprehensive portfolio of products and services tailored to fill various educational needs from K-12 to adult learning and career development. These offerings include:
- Virtual or Blended Public School Support: An integrated package of systems, services, products, and professional expertise designed to support public schools in offering virtual or blended learning environments. This solution is intended to attract, enroll, educate, and track the progress of students while providing necessary support.
- Individual Online Courses and Supplemental Educational Products: A selection of individual online courses and other supplementary educational products that cater to students seeking additional resources outside of their standard curricula. These products cover a variety of subjects including math, English, science, and history from kindergarten through twelfth grade.
- General Education Market Products: A suite of products and services targeted at the general education market. these offerings focus on foundational subjects such as math, English, science, and history, ideally suited for K-12 students.
- Career Learning Products and Services: Specialized products and services aimed at equipping students with the necessary skills for entering key industries such as information technology, health care, and business. These offerings are tailored to develop industry-relevant skills and prepare students for their future careers.
- Post-secondary Career Learning Programs: Under the brand names Galvanize, Tech Elevator, and MedCerts, Stride, Inc. offers focused post-secondary career learning programs that provide skills training in software engineering, healthcare, and medical fields. These programs are designed for adult learners looking to advance or change their careers. Additionally, Stride, Inc. extends staffing and talent development services to employers, connecting skilled individuals with potential opportunities.
Contact Information
