Washington Mutual reports $3.3 billion loss

NEW YORK (CNNMoney.com) - Washington Mutual reported a $3.3 billion quarterly loss Tuesday - far worse than Wall Street was anticipating - as it set aside more money for bad loans.

The Seattle-based thrift reported a net loss of $6.58 a share, which included a charge related to a $7 billion capital raise the company announced in April.

Excluding the charge, WaMu reported a loss of $3.34 a share. Analysts polled by Thomson Reuters were expecting the nation's largest savings and loan to report a loss of $1.05 a share on this basis.

–By CNNMoney.com's David Ellis