Wells Fargo is updated and rated (lower) Strong Buy at $37.21. Although I have a large exposure to this, I may add to my position. There are many companies where it would be difficult to guess if they can continue to grow earnings over the years. But Wells Fargo seems to be a company where it seems quite safe to predict that it will continue to grow its earnings over the long term. And it appears to be under-valued. Still, earnings and particularly revenues and net interest margins could decline in the shorter term and there is certainly no guarantee that the share price will not fall. But in the long term it seems a good bet that the share price will rise. At last last report Warren Buffett was still buying it.