JPMorgan Chase reported slightly higher quarterly profit Wednesday as gains from private-equity deals helped offset 1.64 billion dollars in write-downs on leveraged loans and collateralized debt obligations.

JPMorgan, the third-largest U.S. bank, said net income was 3.4 billion dollars, or 97 cents a share, up from 3.3 billion dollars, or 92 cents a share, a year earlier.

JPMorgan recorded gains of 766 million dollars from private-equity investments, up from 226 million dollars a year earlier.

The bank's write-down on leveraged loans, used for corporate takeovers, was less than what some analysts had expected.