NEW YORK - Shares of Washington Mutual Inc. fell sharply again Thursday, as concerns persisted about the company's mortgage portfolio following its report of a $3 billion quarterly loss earlier this week. Shares dropped 90 cents, or 19.4 percent, to $3.75 in afternoon trading. Shares are down about 72 percent for the year. Late Tuesday, the nation's largest thrift posted a $3 billion loss due to increases in its loss reserves to cover souring loans in its mortgage portfolio. The stock fell 20 percent Wednesday. "We are concerned that credit and market conditions will continue to damage Washington Mutual's financial flexibility over the near to intermediate term," wrote Citi Investment Research analyst Bradley Ball in a note to clients Wednesday. "In particular, we think a credit rating agency downgrade of Washington Mutual's...
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