Chime Financial (NASDAQ:CHYM) Releases Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Chime Financial (NASDAQ:CHYM) announced its quarterly earnings data on Wednesday. The company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.10, Zacks reports. The company had revenue of $543.52 million for the quarter. During the same period in the previous year, the business earned ($0.34) EPS. The business’s revenue was up 28.8% on a year-over-year basis. Chime Financial updated its FY 2025 guidance to EPS and its Q4 2025 guidance to EPS.

Chime Financial Trading Up 11.1%

CHYM stock traded up $2.00 during midday trading on Friday, hitting $20.09. 9,805,620 shares of the company’s stock were exchanged, compared to its average volume of 3,210,604. Chime Financial has a one year low of $16.17 and a one year high of $44.94. The stock’s fifty day moving average is $21.13.

Institutional Trading of Chime Financial

Several hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. bought a new stake in shares of Chime Financial during the second quarter worth $693,000. Legal & General Group Plc bought a new position in Chime Financial during the 2nd quarter worth about $136,000. Russell Investments Group Ltd. acquired a new stake in shares of Chime Financial in the 2nd quarter valued at about $958,000. EverSource Wealth Advisors LLC acquired a new position in shares of Chime Financial during the second quarter worth about $33,000. Finally, Marshall Wace LLP acquired a new stake in Chime Financial in the 2nd quarter valued at approximately $9,087,000.

Analyst Ratings Changes

CHYM has been the subject of a number of research analyst reports. Williams Trading set a $17.00 price target on shares of Chime Financial in a research report on Monday. Keefe, Bruyette & Woods decreased their target price on shares of Chime Financial from $42.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, October 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Chime Financial in a research note on Wednesday, October 8th. Canaccord Genuity Group reissued a “buy” rating and set a $40.00 price objective on shares of Chime Financial in a report on Thursday, October 30th. Finally, JPMorgan Chase & Co. decreased their target price on Chime Financial from $40.00 to $34.00 and set an “overweight” rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $31.93.

Chime Financial Company Profile

Chime is a financial technology company that partners with federally regulated, FDIC-insured banks—The Bancorp Bank, N.A. and Stride Bank, N.A., Members FDIC—to provide consumer banking products and services. The company’s model is designed to eliminate common fees and simplify access to basic financial services.

Chime does not charge overdraft fees, monthly service fees, or require minimum balances.