Stock Performance Graph The following line-graph presentation compares our cumulative shareholder returns with the Standard & Poor’s Information Technology Index and the Standard & Poor’s 500 Stock Index for the past five years.
The line graph assumes the investment of $100 in our common stock, the Standard & Poor’s Information Technology Index, and the Standard & Poor’s 500 Stock Index on May 31, 2003 and assumes reinvestment of all dividends.
COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN* Among Global Payments Inc. , The S&P 500 Index And The S&P Information Technology Index
## Table 0 ##
* $100 invested on 5/31/03 in stock or index-including reinvestment of dividends.
Fiscal year ending May 31.
Issuer Purchases of Equity Securities In fiscal 2007, our Board of Directors approved a share repurchase program that authorized the purchase of up to $100 million of Global Payments’ stock in the open market or as otherwise may be determined by us, subject to market conditions, business opportunities, and other factors.
Under this authorization, we have repurchased 2.3 million shares of our common stock.
This authorization has no expiration date and may be suspended or terminated at any time.
Repurchased shares will be retired but will be available for future issuance.
FIN 46R transition In December 2003, the FASB issued a revision to FIN 46 (“FIN 46R”) to address various technical corrections and implementation issues that had arisen since the issuance of FIN 46.
Effective March 31, 2004, JPMorgan Chase implemented FIN 46R for all VIEs, excluding certain investments made by its private equity business, as previously discussed.
Implementation of FIN 46R did not have a significant effect on the Firm’s Consolidated financial statements.
The application of FIN 46R involved significant judgments and interpretations by management.
The Firm is aware of differing interpretations being devel- oped among accounting professionals and the EITF with regard to analyzing derivatives under FIN 46R.
Management’s current interpretation is that deriv- atives should be evaluated by focusing on an economic analysis of the rights and obligations of a VIE’s assets, liabilities, equity and other contracts, while considering the entity’s activities and design; the terms of the derivative con- tract and the role it has with the entity; and whether the derivative contract creates and/or absorbs variability of the VIE.
The Firm will continue to monitor developing interpretations.
Note 15 – Goodwill and other intangible assets Effective January 1, 2002, the Firm adopted SFAS 142, reclassifying certain intangible assets from Goodwill to Other intangible assets.
There was no impairment of goodwill upon adoption of SFAS 142.
Goodwill is not amortized but instead tested for impairment at the reporting- unit segment (which is generally one level below the six major reportable business segments as described in Note 31 on pages 126–127 of this Annual Report; plus Private Equity, which is included in Corporate).
Goodwill is tested annually (during the fourth quarter) or more often if events or circumstances, such as adverse changes in the business climate, indicate there may be impair- ment.
Intangible assets determined to have indefinite lives are not amortized but instead are tested for impairment at least annually, or more frequently if events or changes in circumstances indicate that the asset might be impaired.
The impairment test compares the fair value of the indefinite lived intangible asset to its carrying amount.
Other acquired intangible assets determined to have finite lives, such as core deposits and credit card relationships, are amortized over their estimated useful lives in a manner that best reflects the economic benefits of the intangible asset.
In addition, impairment testing is performed periodically on these amortizing intangible assets.
Goodwill and Other intangible assets consist of the following:
## Table 1 ##
(a) Heritage JPMorgan Chase only Goodwill As of December 31, 2004, goodwill increased by $34.7 billion compared with December 31, 2003, principally in connection with the Merger, but also due to the acquisitions of EFS and a majority stake in Highbridge.
Goodwill was not impaired at December 31, 2004 or 2003, nor was any goodwill written off during the years ended December 31, 2004, 2003 or 2002.
Under SFAS 142, goodwill must be allocated to reporting units and tested for impairment.
Goodwill attributed to the business segments was as follows
## Table 2 ##
(a) Heritage JPMorgan Chase only.
Mortgage servicing rights JPMorgan Chase recognizes as intangible assets mortgage servicing rights, which represent the right to perform specified residential mortgage servicing activities for others.
MSRs are either purchased from third parties or retained upon sale or securitization of mortgage loans.
Servicing activities include col- lecting principal, interest, and escrow payments from borrowers; making tax and insurance payments on behalf of the borrowers; monitoring delinquencies and executing foreclosure proceedings; and accounting for and remitting prin- cipal and interest payments to the investors of the mortgage-backed securities.
The amount capitalized as MSRs represents the amount paid to third parties to acquire MSRs or is based on fair value, if retained upon the sale or securiti- zation of mortgage loans.
The Firm estimates the fair value of MSRs using a discounted future cash flow model.
The model considers portfolio characteris- tics, contractually specified servicing fees, prepayment assumptions, delin- quency rates, late charges, other ancillary revenues, costs to service and other economic factors.
The Firm compares its fair value estimates and assumptions to observable market data where available and to recent market activity and actual portfolio experience.
Management believes that the assumptions used to estimate fair values are supportable and reasonable.
The Firm accounts for its MSRs at the lower of cost or market, in accordance with SFAS 140.
MSRs are amortized as a reduction of the actual servicing income received in proportion to, and over the period of the estimated future net servicing income stream of, the underlying mortgage loans.
For purposes of evaluating and measuring impairment of MSRs, the Firm stratifies its port- folio on the basis of the predominant risk characteristics, which are loan type and interest rate.
Any indicated impairment is recognized as a reduction in revenue through a valuation allowance, to the extent that the carrying value of an individual stratum exceeds its estimated fair value.
The Firm evaluates other-than-temporary impairment by reviewing changes in mortgage and other market interest rates over historical periods and then determines an interest rate scenario to estimate the amounts of the MSRs’ gross carrying value and the related valuation allowance that could be expected to be recovered in the foreseeable future.
Any gross carrying value and related valuation allowance amount that are not expected to be recov- ered in the foreseeable future, based upon the interest rate scenario, are con- sidered to be other-than-temporar
Balance sheet analysis

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td>Global  Payments</td><td>S&P 500</td><td>S&P  Information  Technology</td></tr><tr><td>May 31, 2003</td><td>$100.00</td><td>$100.00</td><td>$100.00</td></tr><tr><td>May 31, 2004</td><td>137.75</td><td>118.33</td><td>121.98</td></tr><tr><td>May 31, 2005</td><td>205.20</td><td>128.07</td><td>123.08</td></tr><tr><td>May 31, 2006</td><td>276.37</td><td>139.14</td><td>123.99</td></tr><tr><td>May 31, 2007</td><td>238.04</td><td>170.85</td><td>152.54</td></tr><tr><td>May 31, 2008</td><td>281.27</td><td>159.41</td><td>156.43</td></tr></table>
<table><tr><td>December 31, (in millions)</td><td> 2004</td><td>2003</td><td><sup>(a)</sup></td></tr><tr><td>Goodwill</td><td>$43,203</td><td>$8,511</td><td></td></tr><tr><td>Mortgage servicing rights</td><td>5,080</td><td>4,781</td><td></td></tr><tr><td>Purchased credit card relationships</td><td>3,878</td><td>1,014</td><td></td></tr><tr><td>All other intangibles:</td><td></td><td></td><td></td></tr><tr><td>Other credit card-related intangibles</td><td>$272</td><td>$—</td><td></td></tr><tr><td>Core deposit intangibles</td><td>3,328</td><td>8</td><td></td></tr><tr><td>All other intangibles</td><td>2,126</td><td>677</td><td></td></tr><tr><td>Total other intangible assets</td><td>$5,726</td><td>$685</td><td></td></tr></table>
<table><tr><td>(in millions)</td><td>Dec. 31,  2004</td><td>Dec. 31, 2003</td><td><sup>(a)</sup></td><td>Goodwill resulting from the Merger, July 1, 2004</td></tr><tr><td>Investment Bank</td><td>$3,309</td><td>$2,084</td><td></td><td>$1,233</td></tr><tr><td>Retail Financial Services</td><td>15,022</td><td>446</td><td></td><td>14,559</td></tr><tr><td>Card Services</td><td>12,781</td><td>—</td><td></td><td>12,765</td></tr><tr><td>Commercial Banking</td><td>2,650</td><td>61</td><td></td><td>2,592</td></tr><tr><td>Treasury & Securities Services</td><td>2,044</td><td>1,390</td><td></td><td>461</td></tr><tr><td>Asset & Wealth Management</td><td>7,020</td><td>4,153</td><td></td><td>2,536</td></tr><tr><td>Corporate (Private Equity)</td><td>377</td><td>377</td><td></td><td>—</td></tr><tr><td>Total goodwill</td><td>$43,203</td><td>$8,511</td><td></td><td>$34,146</td></tr></table>

Question: In the year with the most Investment Bank, what is the growth rate of Retail Financial Services?
Answer: 0.97031
Reasoning program: subtract(15022,446), divide(#0,15022)