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 ...

Core Insights - IFS has completed its acquisition of Copperleaf Technologies for CAN$1 billion, acquiring all outstanding shares at CAN$12.00 each, marking a strategic move to enhance growth in asset-heavy industries [1][2] Group 1: Acquisition Details - The acquisition received necessary approvals from courts, shareholders, and regulators under the Canadian Competition Act [1] - This acquisition is a significant milestone in IFS's strategy to drive global expansion [1] Group 2: Strategic Goals - IFS aims to extend Copperleaf's capital investment planning solutions into new markets, leveraging its global infrastructure [2] - The combination of IFS and Copperleaf enhances IFS's asset management capabilities, positioning it as a leader in end-to-end asset lifecycle management [2] Group 3: Technology and Impact - Copperleaf's technology allows businesses to optimize capital allocation and manage risk through advanced decision analytics [3] - The integration of Copperleaf's solutions is expected to provide a competitive edge by helping companies prioritize high-impact investments and align with sustainability goals [3] Group 4: Customer Success and Metrics - Copperleaf manages over $2.9 trillion in assets globally, with a 100% customer retention rate, as every customer recovers their investment within the first planning cycle [4] - For instance, Network Rail utilizes Copperleaf to optimize its £1 billion annual signaling budget, demonstrating the value of capital investments [4] Group 5: Industry Applications - Major energy companies like Exelon and National Grid are exploring Copperleaf's solutions to enhance operational performance and efficiency [5] - National Grid's use of Copperleaf has resulted in savings of £4.4 million over five years and reduced network outages worth £2.5 million annually [5] Group 6: Leadership Perspectives - IFS's CEO Mark Moffat described the acquisition as a pivotal moment for decision-making in the industries served by IFS, enhancing real-time decision-making capabilities [6] - Copperleaf's Vice Chair Judi Hess emphasized the synergy between the two companies, which will deliver significant value to customers [6] Group 7: Company Overview - IFS is recognized as a leading provider of Industrial AI and enterprise software, focusing on enhancing productivity, efficiency, and sustainability for asset-heavy businesses [7][8] - The company has a global presence with over 6,500 employees across 80 countries, driven by values of agility and customer-centricity [9]

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 ...

LIMA, Peru, April 26, 2024 /PRNewswire/ -- Intercorp Financial Services Inc. ("IFS" or the "Company") (BVL/NYSE: IFS) announced today the filing of its Annual Report on Form 20-F for the fiscal year ended December 31, 2023 (the "2023 Annual Report") with the U.S. Securities and Exchange Commission (the "SEC"). With the filing of its 2023 Annual Report, the Company complies with its reporting obligations with the SEC and the New York Stock Exchange (NYSE). The 2023 Annual Report includes the audited consolid ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of April, 2024 Commission File Number 001-38965 INTERCORP FINANCIAL SERVICES INC. (Registrant's name) Intercorp Financial Services Inc. Torre Interbank, Av. Carlos Villarán 140 La Victoria Lima 13, Peru (51) (1) 615-9011 (Address of principal executive offices) Indicate by check mark whether the registrant files ...