Intercorp Financial Services(IFS) Soars 4.23% on Q1 Earnings Beat

Intercorp Financial(IFS) rose to its highest level since April 2022 today, with an intraday gain of 4.23%.

Intercorp Financial Services Inc (IFS) experienced a stock price surge of 4.36% on April 28, 2025, reaching an intraday high of $34.00. We backtested the impact of this price reaching a new high on future price movements over the next 1 week, 1 month, and 3 months. The analysis reveals the following trends:

Short-Term Performance:

- 1 Week: The stock continued to perform well, ending the week at $34.26, a 6.28% increase from the previous day's high. This suggests strong momentum in the immediate term.

- 1 Month: IFS's price rose to $35.85, a 7.69% increase from the high, indicating a sustained upward trend in the month following the high.

- 3 Months: The stock price reached $37.12, a 9.49% increase from the high, demonstrating continued growth over the longer term.

Analyst Perspectives:

- Analysts forecasted an average target price of $39.95 for IFS, with a high estimate of $40.00 and a low of $39.90. This suggests that analysts expected the stock to continue its upward trajectory.

- The average brokerage recommendation is 1.3, indicating a "Buy" status, which further supports the positive outlook.

Market Reaction:

- The trading volume increased by 54.3% on the day of the high, indicating heightened investor interest and potential for continued price movement.

- The company's filing of the 2024 Annual Report on Form 20-F with the SEC on April 25, 2025, may have contributed to the positive market sentiment, as it demonstrates transparency and compliance with regulatory requirements.

In conclusion, the impact of IFS's stock price reaching a new high on future price movements was positive, with the stock continuing to rise over the short, medium, and long term. Analysts' optimistic forecasts and the company's strong financial performance support this positive outlook.

Intercorp Financial Services (IFS) has seen a significant boost in its stock price, driven by a strong financial performance in the first quarter of 2025. The company reported a net income of S/446 million, marking a substantial year-over-year increase. This impressive result was largely attributed to robust performance in the financial and insurance sectors, which successfully offset impairments related to Telefonica. The company's return on average equity also saw a notable improvement, rising to 16.3% from 5.6% the previous year.

Bank of America has also played a role in the positive sentiment surrounding IFS. The financial institution increased its price target for the company from $40 to $43, citing the impressive Q1 2025 financial performance. Ernesto Gabilondo from Bank of America Securities reiterated a Buy rating, emphasizing the company's diversified earnings mix, recovery in wealth management, and strong digital trends that contribute to its attractive valuation.

Additionally, IFS's actual earnings of $1.17 per share for Q1 2025 surpassed analysts' expectations of $0.97 per share by 20.60%. This exceeded expectations further bolstered investor confidence in the company's growth prospects, contributing to the positive outlook and potential growth for Intercorp Financial Services.