Wells Fargo has reached a $110 million settlement with its bank clients tied to as many as 2 million fake accounts. This news comes about six months after the bank agreed to pay $185 million in fines and penalties to federal regulators and the Los Angeles city attorney's office.

Also, the Office of the Comptroller of the Currency lowered its score of how the bank is faring with community banking laws, explained that it engaged in an "extensive and pervasive pattern" of discriminatory and illegal lending practices for years. As one analyst described it, the downgrade is "an example of the 'headline' risk the company will be confronting throughout 2017," according to Gerard Cassidy of RBC Capital Markets.

And this risk will continue to affect Wells Fargo Advisors, says recruiter Danny Sarch, in an interview. "We are not going to see this go away. It's still a big deal. The ripples will consequently go on for months, months and months."