Article: Bank sector higher as two of the big four reassure on EPS growth

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Bank sector higher as two of the big four reassure on EPS growth

By Jeff Turnbull

MELBOURNE, Dec 12 AAP - The Australian banking sector received a timely boost today with two of the big four banks reassuring the market that their earnings growth targets are on line for 2002/03.

Westpac Banking Group Ltd chief executive David Morgan told shareholders at today's annual general meeting the bank was maintaining its forecast for seven to nine per cent earnings per share growth.

And on the eve of ANZ Banking Group Ltd's AGM in Perth, spokesman Paul Edwards said the bank was still aiming for its "stretch target" of 10 per cent EPS growth.

"The ...

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