NEW YORK (TheStreet) - While the European economy struggled in 2014, the stagnating region may be poised for a turnaround in 2015. TheStreet TV's Jack Mohr believes that may be the case and is counting down his top five European stock selections. 

The Bank of Ireland (IRE)  ranks No. 5 on Mohr's list. The bank is up 5% on the year, but is down an astounding 82% over the past five years. 

Outside events affecting the Bank of Ireland include Europe's high debt loads, geopolitical instability and a lack of central bank intervention.

IRE Chart
Bank of Ireland IRE data by YCharts

However, the Bank of Ireland is attractive for several reasons. Mohr explained that the institution leads Ireland's banking business in a number of categories. For starters, more than a third of Ireland's population banks with the company, which also has 3 million customers in the United Kingdom. 

The Bank of Ireland also features a stable funding profile, as well as "solid capital ratios," he explained. 

Due to the current struggles in the European economy, many investors have avoided the region as an investment opportunity. However, Mohr says Bank of Ireland provides investors a safe and inexpensive way to play the turnaround in 2015. 

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.

-- Written by Bret Kenwell 

Follow @BretKenwell

 

This article is commentary by an independent contributor. At the time of publication, the author held TK positions in the stocks mentioned.

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