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Chime surges after raising annual revenue growth forecast

By Reuters News

** Chime's shares CHYM.O jump 8.7% to $32.5 in extended trading after the fintech firm raised its 2026 revenue growth forecast

** Chime now expects revenue growth of 28% in 2026, compared with estimates of 26.6%, according to estimates compiled by LSEG.

** CHYM forecast Q4 revenue between $757 mln and $767 mln, above analysts' estimates of $745.6 mln

** "We're seeing... our member spending growth continues to outpace inflation, and really remains very strong across both what we call the discretionary expenditure, and the non-discretionary expenditure," Mark Troughton, president and interim CFO, told Reuters

** 24 of 26 brokerages rate the stock "buy" or higher, two "hold"; their median PT is $40

** As of last close, Chime up 18.7% YTD

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