The average of non-interest income to assets for the more than 100 large banks in Peer Group One is 1% of assets. AXP’s non-interest income was equal to 18% of total assets at the end of 2025, putting the $290 billion asset bank in the 99th percentile of all US banks based on this measure. Add this to astute management and high asset turns and AXP is the premier bank in the US based upon market valuation.