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.

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