JPMorgan Chase & Co. (NYSE:JPM) shares closed more than 4% higher today following the company’s reported Q3 results on Friday, with EPS of $3.12 coming in better than the Street estimate of $2.92. Revenue was $32.7 billion, compared to the Street estimate of $32.11 billion.

The results, however, included $810 million of reserve builds (or approximately $0.22/share), therefore the analysts at Oppenheimer place core economic EPS at approximately $3.34. Furthermore, there were $959 million in securities losses.

According to the analyst at Oppenheimer, the beat was driven mainly by what looks like repeatable net interest income, not trading. Trading results of $6.8 billion were up a solid 8.0% from a good number last year, but this was pretty close to the analysts’ $6.6 billion estimate. NII beat by $1.3 billion and was up 34% year-over-year.