NEW YORK ( TheStreet) -- Canadian Imperial Bank of Commerce (NYSE: CM) hit a new 52-week high Friday as it traded at $87.28 compared with its previous 52-Week high of $87.26. Canadian Imperial Bank of is changing hands at $87.15 with 14,813 shares traded as of 9:46 a.m. ET. Average volume has been 262,700 shares over the past 30 days. Canadian Imperial Bank of has a market cap of $34.2 billion and is part of the financial sector and banking industry. Shares are up 10.2% year to date as of the close of trading on Thursday. 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 13.9, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 16.4.
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