Chime Financial is scheduled to enter the S&P MidCap 400 on Nov. 18, putting the fintech company into a U.S. stock benchmark whose membership is changing after a utility merger.
S&P Dow Jones Indices announced the adjustment Nov. 13. Its schedule takes effect before the U.S. market opens Wednesday, Nov. 18, and assigns Chime (Nasdaq: CHYM) to Financials. NorthWestern Energy Group (NWE), which S&P places in Utilities, is due to exit.
The change follows NorthWestern's merger with Black Hills Corporation, which the Options Clearing Corporation (OCC) recorded as completed Nov. 13. Under the deal terms in the OCC notice, each NorthWestern common share gives its holder the right to receive 0.98 share in the combined company.
S&P's roster includes the post-merger utility under the name Bright Horizon Energy. The OCC identifies the new listing as Bright Horizon Energy Corporation (HZN), with shares trading on the New York Stock Exchange. A separate OCC notice makes the name and ticker change effective Monday, Nov. 16, while S&P's roster keeps the utility in the MidCap 400.
The Montana Public Service Commission voted 3-2 on Nov. 10 to approve the merger subject to conditions. Three days later, the OCC recorded the transaction's completion.
Chime's Nov. 4 earnings release, covered in an earlier EconoTimes report on its third-quarter results, reported $718 million in revenue for the quarter ended Sept. 30, 2026, up 32% from a year earlier, and $44 million in net income. Chime said it posted profit under generally accepted accounting principles (GAAP) for a third straight quarter.
A separate acquisition-related MidCap 400 change came on Nov. 11, when James Hardie Industries replaced Roku after Fox Corporation completed its acquisition of the streaming company, as detailed in EconoTimes' coverage of that index shift.
The next steps come in sequence: the OCC name and ticker change takes effect Nov. 16, followed by the index adjustments before markets open Nov. 18.
