** Analysts at Citi lower FY24 cash earnings est. on Australia's ANZ Group by 3%; keep stock rating at "sell"
** The Australian lender said its second-half profit will take A$196 mln ($129.63 mln) hit, after taxes, due to impacts from the acquisition of Suncorp's banking arm
** Brokerage says the lowered cash earnings are reflected due to the one-off charge and would be looked through by the market
** SUN’s loan portfolio was brought on to ANZ’s balance sheet with no expected credit loss $(ECL)$ provisioning - Citi
** Brokerage has A$25 PT on ANZ
** Stock is up 21.3% this year, as of last close
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))
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