Zacks.com, a Chicago-based stock rating firm, has given a "buy" rating to Washington Mutual.Noting that WaMu reported record earnings of $1 billion, or $1.07 per share in the first quarter, Zacks said that several analysts have been "slightly bumping up" earnings estimates for WaMu for this year and next. Even with the stock close to a 52-week high, Zacks said that if the market remains bullish, analysts believe WaMu has "plenty of room for appreciation." WaMu, with servicing rights on $728 billion of home loans as of March 31, is the nation's largest mortgage servicer. It also originated more home loans than any other lender in the first quarter.
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