Bank stocks shuddered and helped lead the markets lower Tuesday after a prominent analyst slashed his profit estimates for money-center companies.

Among the decliners were BankAmerica Corp., by $3.6875, to $69.125; BankBoston Corp. $2.375, to $94.625; Chase Manhattan Corp. $5.25, to $107.1875; and Citicorp $7.375, to $123-all after 1998 earnings downgrades by Judah S. Kraushaar of Merrill Lynch & Co.

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