Investors interested in Financial - Miscellaneous Services stocks are likely familiar with Intercorp Financial Services Inc. (IFS) and SoFi Technologies, Inc. (SOFI) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with ...

Partnership Overview - Rolls-Royce's Power Systems division has partnered with IFS to implement IFS Cloud, aiming to optimize global service operations and support strategic objectives of efficiency, sustainability, and growth [1] - The partnership will impact over 10,000 employees and thousands of mtu engines globally [1] Operational Improvements - IFS Cloud will enhance service-level agreement (SLA) fulfilment and scheduling efficiency through Industrial AI, providing advanced real-time insights and dynamic scheduling capabilities [2] - The platform will streamline service workflows, improve first-time fix rates, and ensure consistent SLA fulfilment across Rolls-Royce's fleet of engines [3] - IFS Cloud's simulation capabilities, via the What-If Scenario Explorer (WISE), will enable proactive, data-driven decisions by modelling various scenarios for resource allocation, maintenance scheduling, and capacity planning [4] Business Model Transformation - Rolls-Royce Power Systems is transitioning to a more service-oriented business model, leveraging IFS Cloud to improve first-time fix rates, reduce response times, and make data-driven decisions [6] - The platform will provide real-time insights into engine performance, resource availability, and service needs, supporting proactive management of maintenance and replacements [6] Global Deployment - IFS Cloud will be rolled out to 1,000 users across 1,200 locations in 175 countries, highlighting Rolls-Royce's commitment to global innovation and customer service excellence [6] About Rolls-Royce Power Systems - Rolls-Royce Power Systems, headquartered in Friedrichshafen, Germany, employs around 10,000 people worldwide and offers a diverse product portfolio including mtu-brand engines and propulsion systems for various industries [7] - The division is actively engaged in developing climate-neutral solutions [7] About IFS - IFS is a leading provider of Industrial AI and enterprise software, enabling businesses to enhance productivity, efficiency, and sustainability through AI-powered solutions [8] - IFS Cloud is a composable AI-powered platform designed for flexibility and adaptability, covering ERP, EAM, SCM, ITSM, and FSM needs [9] - Founded in 1983, IFS has grown into a global leader with over 6,500 employees in 80 countries, recognized for delivering value and supporting strategic transformations [10]

From a technical perspective, Intercorp Financial Services Inc. (IFS) is looking like an interesting pick, as it just reached a key level of support. IFS's 50- day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world. A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with t ...

Sparking Global Industrial AI Transformation for Asset-Heavy Enterprises LONDON, Aug. 29, 2024 /PRNewswire/ -- IFS, a leading provider of enterprise cloud and Industrial AI software, has finalized its CAN$1 billion acquisition of Copperleaf Technologies Inc., a global leader in decision analytics. Following approvals from courts, shareholders, and regulators under the Canadian Competition Act, IFS acquired all outstanding Copperleaf shares for CAN$12.00 each. This acquisition marks a significant milestone i ...

Financial Data and Key Indicators Changes - The company reported a net income of S/ 286 million for Q2 2024, more than doubling from the previous quarter, although still below year-ago levels [15][36] - Return on equity (ROE) improved to 11.2%, up 400 basis points from the previous quarter [13][36] - Cost of risk decreased by 70 basis points quarter-over-quarter and more than 120 basis points from the peak in Q4 2023 [13][19] Business Line Data and Key Indicators Changes - Interbank's market share in consumer banking loans reached 21.8% and total deposits at 13.6%, ranking third in the Peruvian financial system [12] - Wealth management assets under management grew 15% year-over-year, reaching a historical maximum of $6.8 billion [31] - Insurance premiums increased by 8% quarter-over-quarter and around 25% year-over-year, with individual life growing 18% year-over-year [30] Market Data and Key Indicators Changes - The Peruvian economy showed signs of recovery with GDP growth of 5.3% in April and 5% in May 2024, leading to an expected GDP growth of around 3% for the year [5][9] - Inflation decreased to 2.3% in June, within the Central Bank's target range, reflecting successful control of inflation [9][10] - The total system consumer loans decreased by 2.1% year-to-date and 7% year-over-year, indicating ongoing challenges in this segment [10] Company Strategy and Development Direction - The strategic priority remains achieving digital excellence and becoming the leading digital platform with profitable growth [7] - The company is focused on enhancing synergies among its businesses and continuously developing analytical capabilities [7] - The integration of Izipay into the banking operations aims to leverage synergies and improve overall performance [56] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the macroeconomic environment and its positive impact on the company's results [5][6] - The expectation for ROE to exceed 12% in the second half of the year is based on improved cost of risk and market conditions [34][43] - Management highlighted a cautious approach to lending, particularly in the microfinance sector, while targeting lower-risk customers [42][46] Other Important Information - Interbank received multiple awards from Euromoney, including Peru's Best Bank and Best Digital Bank, reflecting strong performance and commitment to corporate responsibility [8][32] - The company has completed an initial climate risk assessment and expanded its sustainable loan portfolio to over $200 million [31][32] Q&A Session Summary Question: Insights on wealth management earnings volatility and future strategies - Management noted strong growth in assets under management and plans to stabilize earnings through increased fixed income holdings and de-risking the portfolio [37][39] Question: Concerns about asset quality and NPLs - Management acknowledged the increase in NPLs but emphasized a downward trend in cost of risk due to a cleaner portfolio and targeting lower-risk customers [42][44] Question: Drivers for achieving ROE above 12% in the second half - Management indicated that continued improvement in cost of risk and a stable economic environment would positively impact ROE [43][46] Question: Experience with Reactiva program and financial system concerns - Management expressed confidence in the stability of the Peruvian financial system, highlighting strong regulation and limited exposure to failing institutions [50][51] Question: Integration of Izipay into banking operations - Management explained that integrating Izipay allows for better synergies and reflects the evolving nature of the business, moving away from treating it as a separate segment [56]

Exhibit 99.1 Intercorp Financial Services Inc. Second Quarter 2024 Earnings Insurance: Double digit growth in insurance premiums Wealth Management: growth in AuM and fees continues to improve 1 Lima, Peru, August 14, 2024. Intercorp Financial Services Inc. (Lima Stock Exchange/NYSE: IFS) announced today its unaudited results for the second quarter 2024. These results are reported on a consolidated basis under IFRS in nominal Peruvian soles. Intercorp Financial Services: Improving banking and insurance resul ...

Core Insights - The article discusses the valuation metrics of Intercorp Financial Services Inc. (IFS) and Blackstone Inc. (BX), highlighting IFS as a more attractive option for value investors due to its lower valuation ratios and stronger earnings estimate revisions [2][4][9]. Valuation Metrics - IFS has a forward P/E ratio of 6.85, significantly lower than BX's forward P/E of 25.63, indicating that IFS is undervalued compared to BX [5]. - The PEG ratio for IFS is 0.27, while BX has a PEG ratio of 1.02, suggesting that IFS is expected to grow earnings at a faster rate relative to its price [5]. - IFS's P/B ratio is 1.03, compared to BX's P/B of 4.98, further emphasizing IFS's undervaluation [8]. Analyst Outlook - IFS has a Zacks Rank of 2 (Buy), indicating a positive analyst outlook, while BX has a Zacks Rank of 3 (Hold), suggesting a less favorable view [2]. - The stronger estimate revision activity for IFS compared to BX supports the conclusion that IFS is the superior investment choice for value investors at this time [9].

Darren Roos, Chair of IFS, added "the combination of Copperleaf and IFS creates compelling value for the complex, asset-intensive customers we serve as well as partners, investors and employees". Amos Michelson, outgoing Chair of Copperleaf, also added: "The acquisition is recognition of the investments, and many years of hard work, that have been put into making the business the success it is today. I am confident that the company's future as part of IFS will offer opportunity and growth for all." Completi ...

Exhibit 99.1 Intercorp Financial Services Inc. First Quarter 2024 Earnings Lima, Peru, May 13, 2024. Intercorp Financial Services Inc. (Lima Stock Exchange/NYSE: IFS) announced today its unaudited results for the first quarter 2024. These results are reported on a consolidated basis under IFRS in nominal Peruvian soles. Intercorp Financial Services: 1Q24 earnings impacted by investment results and still high CoR Banking: Gradual improvement of CoR translates into better results for IBK Insurance: 1Q24 resul ...

Intercorp Financial Services Inc. (IFS) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on May 13, 2024, might help the stock move higher if these key numbers a ...