All of the big U.S. banks just reported strong earnings, and could have quite a bit to gain in a strong post-pandemic economy. In this Fool Live video clip, chief growth officer Anand Chokkavelu and contributors Matt Frankel, CFP, and Jason Hall rank five of the biggest U.S. bank stocks -- JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), Citigroup (NYSE:C), Wells Fargo (NYSE:WFC), and Goldman Sachs (NYSE:GS). Which is the best buy now?

Anand Chokkavelu: Let's get to the rankings. This was really tough, by the way. You all can convince me of just about any order, with different arguments. Who's got it?

Matt Frankel: I could start if you want. Well, first, on our Industry Focus show, the first of the year, I recommended Wells Fargo as my bank stock to watch in 2021, which has been the top performer out of these five so far. I think they will continue to do so. So I'm going to keep that as my No. 1. I put Goldman as a close second. Bank of America would be my third choice. JPMorgan would be fourth, just because I think its valuation is the most fair out of the all the bank stocks, in terms of being fully valued. Then Citigroup, I'd put number five just because I really don't have any desire to own Citigroup.

Jason Hall: Yeah. I would follow that same ranking, only I would actually move Citi up to three. Just because thinking about trajectories, thinking about the health of the economy, thinking about their book of business, thinking about the opportunity. I'm glad you reminded me of the change in their leadership, Anand, I just completely had forgotten about that. I think there's a lot to be said for somebody coming in, maybe taking a different approach with managing risks there and maybe rebranding them a little bit. So I just think, again, thinking about valuation, thinking about the biggest driver for banks, which is the health of the economy. Starting with the best valuation and having everything lined up to help push it forward. I think just don't sleep on Citi.

Chokkavelu: Right on. I roughly agree here, which I was like especially since Matt looks at these the most. But I'll give a couple of caveats. I've got Bank of America first, Wells Fargo second, and Goldman Sachs third, and then I've got JPMorgan fourth, for the similar valuation reasons. Then Citigroup fifth, partly because, probably thrice bitten, once shy type of thing, where I've wanted their turnaround forever. Because remember, when Michael Corbat took over the reins, I was very bullish on him and his management and it still hasn't quite turned around as I would've hoped. 

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.