This is said by Dick Bove, financial strategist at Odeon Capital and a seasoned banking analyst who tells CNN Business that this year could be the biggest year for bank mergers since 1998.
Now the banks are under pressure to grow again.
"The country's largest banks have set themselves the goal of increasing their market share by taking over the business of the largest regional banks," Bove said in an email to CNN Business. "Competition will likely force the Regionals to band together to achieve the cash flows and economies of scale needed to ward off the attack."
Bove sees low interest rates as a headwind for many banks that have already made the most profits from a number of share buybacks. This and the latest round of corporate tax cuts have helped banks increase their profits.
"Banks are running out of benefits that have driven strong earnings performance over the past decade," said Bove.
Quest will also be joined by Sam Stovall, CFRA's chief investment strategist, to talk about the markets.
In a recent report, he added that while corporate America investors expect earnings to decline slightly in the fourth quarter, actual results tend to exceed analysts' expectations. Earnings could have risen very well in the fourth quarter – news that could keep the market rally going.
Molly Shiels from CNN Business contributed to this story.