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Deutsche Bank shares rise after profit beats estimates

By Reuters News

** Deutsche Bank's DBKGn.DE shares rise 2.7% in early Frankfurt trade after reporting better-than-expected Q3 profit, improving revenue forecast

** The German bank said quarterly net profit rose by 2% to reach €1.59 billion ($1.77 billion), beating analyst expectations of €1.44 billion

** "Deutsche Bank third quarter numbers mainly better than expected by Street consensus," a local trader says

** The bank also now forecasts full-year group revenue above €33 billion, rather than around €33 billion

** As of Tuesday's close, stock had lost around a fifth of its value since early September

($1 = 0.8981 euros)

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