Intercorp Financial Services Inc

IFS remains in a Stage 2 advance within its long-term uptrend, driven by an active Lockout Rally indicating forced participation. Despite overbought internals, price is pulling back into the rising 9-day and 21-day EMAs, which continue to slope higher. These dynamics, combined with strong medium-term trend support, justify immediate engagement on the pullback. We will Buy Now into the rising EMA zone under Lockout Rally conditions.

• ↑Record net income 602 M soles (+35% YoY) with ROE 19.4%.
• ↑Total loans grew 6% YoY; higher-yield loans rose 9% YoY.
• ↓Election-year volatility could pressure growth and borrowing.