With the exception of Chase Manhattan Corp., stocks of the nation's largest banks dropped yesterday despite good news on the inflation front.

Citigroup Inc. dropped 0.98%, to $44.125; J.P. Morgan & Co. 1.08%, to $126.50; and Bank of America Corp. 1.22%, to $65.5625. Chase rose on the day, closing up 1.30%, to $78.0625.

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