NEW YORK ( TheStreet) -- Canadian Imperial Bank of Commerce (NYSE: CM) hit a new 52-week low Monday as it is currently trading at $67.05, below its previous 52-week low of $67.49 with 72,851 shares traded as of 10:15 a.m. ET. Average volume has been 324,100 shares over the past 30 days. Canadian Imperial Bank of has a market cap of $27.4 billion and is part of the financial sector and banking industry. Shares are down 11.6% year to date as of the close of trading on Friday. Canadian Imperial Bank of Commerce provides various financial products, services, and advice to individual, small business, commercial, corporate, and institutional clients in Canada and internationally. The company has a P/E ratio of 10, below the average banking industry P/E ratio of 10.1 and below the S&P 500 P/E ratio of 17.7.
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