[mylesm]

Part (most?) of the damage isn't contained in the numbers you cited. Wells Fargo used customer identities to apply for and open credit cards, which could have affected their credit scores and thus potentially the interest rates they paid on loans (that could be a lot for something like a mortgage). It's hard to know what the dollar figure of this is, but it probably raises the damages a little bit.

[MarkMc]

Yes you're right - the bank's actions had an effect on the credit scores of many thousands of people. Still, the size of the settlement with regulators seems to reflect that.