Occupancy & Equipment Costs as a % of Revenues for the largest U.S. commercial banks in 2018 was as follows:
6.3% for Bank of America
6.2% for Wells Fargo4.7% for U.S. Bancorp
3.6% for JPMorgan Chase
3.2% for Citigroup
In comparison, Capital One's Occupancy & Equipment Costs were 7.5% of its Revenues for 2018. The higher figure can primarily be attributed to Capital One's card-focused business model as opposed to a significantly more diversified business model for its peers.
Click here to understand how changes in Capital One's Occupancy & Equipment Costs affect its earnings and stock.