First Union Corp. advised investors Tuesday to expect higher earnings growth and greater profitability by 2000 than originally forecast, thanks to its pending acquisition of CoreStates Financial Corp.

The Charlotte, N.C., banking company expects its earnings per share growth to reach 14% by the year 2000, up from an originally predicted 10% to 13%. The bank also said return on equity could rise to 22%, up from its 18% to 20% goal. Its efficiency ratio should improve to 50% to 54%.

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