NEW YORK ( TheStreet) -- Canadian Imperial Bank of Commerce (NYSE: CM) hit a new 52-week high Thursday as it traded at $83.90 compared with its previous 52-Week high of $83.70. Canadian Imperial Bank of is changing hands at $83.74 with 220,213 shares traded as of 11:11 a.m. ET. Average volume has been 227,400 shares over the past 30 days. Canadian Imperial Bank of has a market cap of $32.1 billion and is part of the financial sector and banking industry. Shares are up 2.9% year to date as of the close of trading on Wednesday. Canadian Imperial Bank of Commerce, together with its subsidiaries, provides a range of financial products and services to individual, small business, commercial, corporate, and institutional customers primarily in Canada. The company has a P/E ratio of 14.2, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 22.7. TheStreet Ratings rates Canadian Imperial Bank of as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and weak operating cash flow. You can view the full Canadian Imperial Bank of Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.
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