Canadian Imperial Bank of Commerce ( CM) pushed the Banking industry lower today making it today's featured Banking loser. The industry as a whole closed the day up 1.4%. By the end of trading, Canadian Imperial Bank of Commerce fell 76 cents (-1.1%) to $70.24 on average volume. Throughout the day, 315,649 shares of Canadian Imperial Bank of Commerce exchanged hands as compared to its average daily volume of 307,400 shares. The stock ranged in price between $69.64-$71.65 after having opened the day at $71.62 as compared to the previous trading day's close of $71. Other company's within the Banking industry that declined today were: Northern States Financial ( NSFC), down 16%, First Bancshares Inc ( FBMS), down 14.5%, Village Bank and Trust Financial Corporatio ( VBFC), down 13%, and Camco Financial ( CAFI), down 11%. 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. Canadian Imperial Bank of Commerce has a market cap of $28.46 billion and is part of the financial sector. The company has a P/E ratio of 10.4, below the average banking industry P/E ratio of 10.5 and below the S&P 500 P/E ratio of 17.7. Shares are down 9.4% year to date as of the close of trading on Thursday. 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, growth in earnings per share and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.
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