14 Best Warren Buffett Dividend Stocks to Buy

3. Bank of America Corporation (NYSE:BAC)

Berkshire Hathaway Stake Value as of Q4 2025: $28,451,276,370

Dividend Yield as of February 21: 2.11%

On February 20, Bloomberg reported that Bank of America Corporation (NYSE:BAC) is committing $25 billion to private-credit deals. The move puts the bank alongside other Wall Street firms that are using their own balance sheets to expand in this rapidly growing lending market, according to people familiar with the matter. The bank plans to deploy its own capital into private-credit investments. This builds on its existing direct-lending platform and reflects a deeper push into the space. The deals will be originated through Bank of America’s capital-markets division, which operates within its broader investment-banking business, the people said. They requested anonymity because the details are not public.

Bank of America has also put new leadership in place to support the effort. According to a memo seen by Bloomberg, the firm appointed Anand Melvani to lead private credit within its global capital-markets division. Melvani brings nearly 30 years of experience at the bank and will continue serving as head of Americas leveraged finance. He will report to Chris Munro, who oversees global leveraged finance.

The move marks a significant step for Bank of America, which had been slower than some of its peers to formally commit large capital to private credit. Other major banks have already made sizable investments in the space. Last year, JPMorgan Chase set aside an additional $50 billion from its balance sheet, while Goldman Sachs has expanded its presence through its asset-management business.

Bank of America Corporation (NYSE:BAC) operates as a bank holding and financial holding company. Its main segments include Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets.