Fourteen banks yielding 5% or more

With an expected rate cut on our hands lovers of income yielding bonds are getting squeezed once more. However, income lovers don't have to fret as there is plenty of value out there if you know where to look. Utilities and REITs are one such option, but the best plays are to be found in the unloved financial sector. Not all have suffered at the hands of sub-prime losses, but nearly all have been tarred by the same brush. The following stocks were screened for a yield greater than 5%, trading at the lower Bollinger bands. The best way to take advantage of the firesale is to split your allocated capital into 12 portions and dollar cost average over the year. Reinvest the dividend and let these stocks work for you.

Symbol - Name - Close - Industry - Yield
CORS - Corus Bankshares Inc - $12.04 - Bank - 8.31%
NCC - National City Corp. - $20.20 - Bank (Midwest) - 8.12%
FHN - First Horizon National - $23.49 - Bank (Midwest) - 7.66%
CRBC - Citizens Republic Bancorp - $15.38 - Bank - 7.54%
HBAN - Huntington Bancshs. - $16.77 - Bank (Midwest) - 6.32%
WB - Wachovia Corp. - $44.46 - Bank - 5.76%
KEY - KeyCorp - $25.89 - Bank - 5.64%
RF - Regions Financial - $27.34 - Bank - 5.56%
BAC - Bank of America - $46.64 - Bank - 5.49%
FMER - FirstMerit Corp. - $21.27 - Bank (Midwest) - 5.45%
CMA - Comerica Inc. - $47.08 - Bank (Midwest) - 5.44%
FITB - Fifth Third Bancorp - $31.01 - Bank (Midwest) - 5.42%
SUSQ - Susquehanna Bncshs. - $20.25 - Bank - 5.14%

For the momentum lovers amongst you; the following are on point-n-figure 'Buys'

CORS: Triple Top Breakout from December 7th. Price target $18.50
NCC: Double top Breakout from November 30th. Price target $24.50
FHN: Low Pole Reversal from November 28th. Price target (bearish) $9.00.
HBAN: Low Pole Reversal from November 30th: Price target (bearish) $8.00.