A back-page chart April 10 also painted an erroneously gloomy picture of Signet.

The chart showed analysts' consensus estimates of first-quarter earnings per share at big banks. But First Call Corp., which compiled the data, misadjusted Signet's 1994 figures for the Capital One spinoff, and therefore showed projected declines.

In fact, the projected profits were more than 40% higher than Signet's estimates of core results from first and fourth quarter 1994. That put Signet No. 2 among expected big-bank gainers.

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