NEW YORK ( TheStreet) -- Canadian Imperial Bank of Commerce (NYSE: CM) hit a new 52-week high Tuesday as it traded at $86.13 compared with its previous 52-Week high of $86.06. Canadian Imperial Bank of is changing hands at $86.04 with 42,616 shares traded as of 10:01 a.m. ET. Average volume has been 247,800 shares over the past 30 days.

Canadian Imperial Bank of has a market cap of $32.9 billion and is part of the financial sector and banking industry. Shares are up 8.7% year to date as of the close of trading on Monday.

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 13.4, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 15.8.
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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 find that we feel that the company's cash flow from its operations has been weak overall. You can view the full Canadian Imperial Bank of Ratings Report.

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