"The retail sales practice scandal settlement was announced nearly a year ago, and at this stage we now expect the trickle of new information to slow considerably." Wells Fargo shares took a hit from the announcement, falling 0.8 percent by mid-Thursday afternoon. It's been a terrible year for the third-largest U.S. bank by assets, marked by a big reputational hit that has sent shares down about 7.6 percent year to date. By comparison, the KBW Nasdaq Bank Index is off about 1.2 percent in what has been a rough year for financials overall.