My Top Banking Stock to Buy and Hold Forever
If this year's weakness in most banking stocks has you wary of buying them, you may want to dial back your worry. The economic turbulence admittedly translates into challenges for the business. But most banks are far more resilient than they typically get credit for.
But if I were looking to make a true forever pick in the beaten-down banking sector right now, one name stands out from the rest. That's JPMorgan Chase (NYSE: JPM). Here's why.
You've certainly heard of it. Not only is it the nation's biggest bank as measured by assets, it's also arguably one of the most-diversified banks in the business. From consumer to corporate banking and from retail to institutional investing, JPMorgan does it all.
Source Fool.com
