One Banking Stock to Buy and Hold Forever

Traditional brick-and-mortar financial institutions like Silicon Valley Bank and First Republic, along with investment bank Credit Suisse, all collapsed within a few weeks of one another. While this made for dramatic headlines about a potential banking contagion, some other developments in the banking industry may be more interesting. The company's chief executive officer, Anthony Noto, has repeatedly told investors that his vision is to turn SoFi into the Amazon Web Services (AWS) of banking.