Intercorp Financial Services: Earnings Beat Ahead

Mare Evidence Lab
5.77K Followers
(8min)

Summary

  • Intercorp Financial Services' Q4 2024 results showed robust earnings with a 71% yearly profit increase.
  • A solid CET 1 ratio offers downside protection. The upsides of higher fee generation from the Wealth Management division and Credit Card segments are also worth considering.
  • With political stability and economic growth, IFS targets a 16% ROE in 2025. Considering better asset quality and a recovery in consumer confidence, we confirmed a buy rating.

woman from an indigenous Quechua community in Peru, South America, withdrawing money from an ATM with a credit card

Carlos Duarte/E+ via Getty Images

Following our buy rating recommendation on Intercorp Financial Services (NYSE:IFS), we hope you have joined us in pursuing this investment. Aside from a positive view of the Peruvian economy, our thesis was supported by

This article was written by

5.77K Followers
Buy-side hedge professionals conducting fundamental, income oriented, long term analysis across sectors globally in developed markets. Please shoot us a message or leave a comment to discuss ideas.DISCLOSURE: All of our articles are a matter of opinion, informed as they might be, and must be treated as such. We take no responsibility for your investments but wish you best of luck.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of IFS either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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