Let's face it. Banking stocks are boring. But if you want to generate consistent returns, there is perhaps no better place to put your money…
Banks across the United States have been consolidating since the 1980s. Just 15 years ago, there were about 15,000 banks. Today, that number is less than 6,000.
And in the wake of a mega-merger between BB&T Corp. (NYSE: BBT) and SunTrust Banks Inc. (NYSE: STI), we expect that banking deals will continue well into the future.
It turns out that Money Morning Special Situation Specialist Tim Melvin is one of the world's – yes, the world's – best banking analysts in the country.
Since 2013, Tim has made 45 picks for banks – all of which made money. That's right, a perfect track record. Better yet, his total return across all picks is a stunning 100.8%.