Major Group SIC 6712 - Offices of Bank Holding Companies

SIC 6712 - Offices of Bank Holding Companies

SIC 67 - Holding And Other Investment Offices
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs
- SIC 671 - Holding Offices
  SIC 671 - Holding Offices SIC 672 - Investment Offices SIC 673 - Trusts SIC 679 - Miscellaneous Investing
  - SIC 6712 - Offices of Bank Holding Companies
    SIC 6719 - Offices Of Holding Companies, Not Elsewhere Classified SIC 6712 - Offices of Bank Holding Companies

Establishments primarily engaged in holding or owning the securities of banks for the sole purpose of exercising some degree of control over the activities of bank companies whose securities they hold. Companies holding securities of banks, but which are predominantly operating the banks, are classified according to the kind of bank operated.

Industry trends:

The industry for NAICS 6712, Offices of Bank Holding Companies, has seen several qualitative trends that are shaping its landscape. One prominent trend is the increased focus on digital transformation. Bank holding companies are investing heavily in fintech solutions, digital banking platforms, and blockchain technologies to enhance operational efficiency and customer experience. This digital shift is anticipated to continue, with more innovations expected in areas such as artificial intelligence and machine learning to optimize back-end processes and offer more personalized banking services.

Another significant trend is the growing emphasis on sustainability and responsible banking. Investors and regulators are increasingly demanding that bank holding companies adopt environmental, social, and governance (ESG) criteria in their operations and investment decisions. This trend is expected to gain momentum as stakeholders prioritize ethical practices and sustainable growth.

Risk management and regulatory compliance remain critical areas of focus, especially in the wake of economic uncertainties and evolving global financial regulations. Bank holding companies are expected to continue investing in advanced risk management tools and compliance mechanisms to navigate these complexities effectively.

In the near future, the industry is forecasted to undergo consolidation, as mergers and acquisitions become more prevalent. Smaller bank holding companies may merge with larger entities to achieve economies of scale and competitive advantage. Additionally, geopolitical shifts and macroeconomic factors will play a crucial role in shaping the strategic decisions of these companies. Overall, the industry is poised for substantial evolution driven by technology, sustainability, and regulatory changes.

This industry is comprised of:

Bank holding companies

Explore related industries:

SIC 6211 - Security Brokers, Dealers, And Flotation Companies SIC 6091 - Non-deposit Trust Facilities SIC 6399 - Insurance Carriers, Not Elsewhere Classified

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