credit / rates affecting interest expense
“Interest expense was relatively flat, reflecting growth in customer deposits and long-term debt, offset by lower interest rates paid on customer deposits.”
AXP 10-Q
Confirmed
Asset Management Firms
15 names are moving together; 80% are participating in the current session.
3 observed Confirmed episodes
Co-movement
Observed member paths adjusted against SPY. Shading marks the latest observation window.
Members
| TICKER | Company | Sector | Today | Observed activity |
|---|---|---|---|---|
| CRBG | Corebridge Financial Inc. | Financial Services | +0.9% | 2/9 observed active sessions |
| BN | Brookfield Corporation | Financial Services | -0.9% | 1/9 observed active sessions |
| CASH | Pathward Financial, Inc. | Financial Services | +0.5% | Group member |
| OPFI | OppFi Inc. | Financial Services | -2.5% | Group member |
| BEN | Franklin Resources, Inc. | Financial Services | -1.9% | 1/9 observed active sessions |
| CG | The Carlyle Group Inc. | Financial Services | -1.2% | Group member |
| VCTR | Victory Capital Holdings, Inc. | Financial Services | -0.3% | 4/9 observed active sessions |
| EQH | Equitable Holdings, Inc. | Financial Services | +1.7% | 1/9 observed active sessions |
| AXP | American Express Company | Financial Services | +1.1% | 1/9 observed active sessions |
| BX | Blackstone Inc. | Financial Services | -0.8% | Group member |
| TROW | T. Rowe Price Group, Inc. | Financial Services | -4.1% | 6/9 observed active sessions |
| BAM | Brookfield Asset Management Inc | Financial Services | -0.2% | 1/9 observed active sessions |
| MAIN | Main Street Capital Corporation | Financial Services | -0.6% | 3/9 observed active sessions |
| PAX | Patria Investments Limited | Financial Services | -1.1% | Group member |
| TRIN | Trinity Capital Inc. | Financial Services | -0.2% | 1/9 observed active sessions |
Why we believe this
Cohort
15 namesParticipation
80% this sessionObserved history
18 daily buildsFiling coverage
13/15 memberscredit / rates
“The availability of the credit facility is subject to our maintenance of a minimum CET1 risk-based capital ratio of 4.5 percent, with certain restrictions in relation to either accessing the facility or distributing capital to common shareholders in the event our CET1 risk-based capital ratio falls between 4.5 percent and 6.5 percent.”
AXP 10-K
restructuring affecting expense
“GAAP expenses were impacted by lower mark-to-market related to our deferred compensation liabilities and lower acquisition-related amortization costs, partially offset by the restructuring charge.”
TROW 10-Q
This identity theme becomes less useful if activity narrows to one or two names instead of remaining broad across the cohort.
Connected, outside the group
BILL
AXPcustomer · Not moving with the group now
Filing receipt · BILL / AXP
“As of December 31, 2025, our partners included some of the most trusted brands in the financial services business, including more than 85 of the top 100 accounting firms…”
AXP · customer
AMP
BENtext peer · Not moving with the group now
No filing excerpt is available for this relationship.
DDS
AXPsupplier · Not moving with the group now
Filing receipt · DDS / AXP
“Wells Fargo Bank, N.A.”
AXP · supplier
AB
CGpartner · Not moving with the group now
Filing receipt · AB / CG
“As part of our business strategy, we consider strategic transactions (such as our insurance sidecar transactions with Ruby Reinsurance Company and Fortitude Carlyle Asia…”
CG · partner
VRTS
VCTRtext peer · Not moving with the group now
No filing excerpt is available for this relationship.
History
2026-07-07 → 2026-07-092 observed active sessions · 42.9% of active names held across the episode
2026-06-24 → 2026-07-026 observed active sessions · 0% of active names held across the episode
2026-06-181 observed active session · 100% of active names held across the episode