Large U.S. banks reported massive earnings Friday, signaling that the biggest institutions largely shrugged off the banking crisis stemming from Silicon Valley Bank’s collapse. JPMorgan Chase, the largest bank in the nation, posted $12.6 billion in first-quarter profits, a whopping 52 percent increase from the same period last year. Wells Fargo’s quarterly profits rose 32 percent year-over-year. Citigroup reported a 23 percent annual increase in profit, while PNC Financial Services’ profits rose around 18 percent. All of the big banks surpassed investors’ profit expectations. While the Federal Reserve’s interest rate hikes contributed to SVB’s failure — the bank loaded up on l
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