Chime initiated with an Outperform at BMO Capital

BMO Capital initiated coverage of Chime (CHYM) with an Outperform rating and $30 price target The firm believes the company’s monetization opportunity is underappreciated at current share levels. Chime shares should compound higher in the years ahead due to earnings upside and multiple expansion, the analyst tells investors in a research note. BMO says Chime is the fastest growing challenger bank in the U.S.